Re: Tether Market Cap 100 billion today vs less than 5 billion 2020
Hey guys,
I know the tether discussion is not a new one, however I took a look at their recent spike in market cap and saw that
as of today it crossed 100 billion USD market cap vs just under 5 billion just 4 years ago (20x).
I have a substantial amount of BTC myself and I am holding for a few years now, and as I see the USD amount getting bigger and bigger of my stack, I of course, reassess
the potential downside risk, and everytime I can't debunk the tether risk.
Bitcoin itself was around 8k USD beginning of 2020 and until now it did a 8x vs the tether 20x in marketcap.
So how do you guys see these increases of tether and the rise of BTC prises the same time tether increases their market cap.
I would like to have a serious discussion, and not just "ignore the fud",
EDIT: especially the question: how backed up is tether really and how verified are the information they are putting out?
THANKS!
I know the tether discussion is not a new one, however I took a look at their recent spike in market cap and saw that
as of today it crossed 100 billion USD market cap vs just under 5 billion just 4 years ago (20x).
I have a substantial amount of BTC myself and I am holding for a few years now, and as I see the USD amount getting bigger and bigger of my stack, I of course, reassess
the potential downside risk, and everytime I can't debunk the tether risk.
Bitcoin itself was around 8k USD beginning of 2020 and until now it did a 8x vs the tether 20x in marketcap.
So how do you guys see these increases of tether and the rise of BTC prises the same time tether increases their market cap.
I would like to have a serious discussion, and not just "ignore the fud",
EDIT: especially the question: how backed up is tether really and how verified are the information they are putting out?
THANKS!
Bitcoin is not just printed out of nothing where like tether that is the difference and that's why that 8x increase is a lot better thing to be considered than 20x and for the record marketcap value is not a good indicator to value the coin and it doesn't matter even if tether reach 1 trillion still it's something that can't even close to be considered safe.