Also, Tether recently released about a billion dollar USDT and afterwards we saw the price of BTC surge above its previous price of 62k to 63 and currently 65k plus.
This might have just been a coincidence, though. Which other evidence suggests newly minted USDT drives the Bitcoin price up? I personally see no connection between Tether's money supply and Bitcoin's demand.
People always claim when new USDT is created it means they just created it out of thin air lol.
Can you prove it otherwise? If Tether does not provide proof of reserve of all these billions of dollars, then what is their money supply apart from thin air?