it's the largest stablecoin
Discussion
And?
that's reason enough lol
No. You haven’t presented an economic mechanism which would intertwine tether and Bitcoin price.
The one all the Buttcoiners go on about is the theoretical possibility that tether is printed out of nowhere and therefore props up Bitcoins price, but there are a few problems with that logic.
1. Even fake dollars used to buy Bitcoin still represent real demand
2. There is no evidence of this occurring
3. Tether only makes up between 5% and 10% of BTC trading volume at any one time
And this is only logic to support it being manipulated up. How would a tether crash manipulate it down? If tether depegs, people will be selling tether, but nobody would be accepting it as a trade for their Bitcoins.
I really do hope you are right! I just don't believe it. Time will tell.
Time will tell indeed
All I’ll say is that while we’d all like an opportunity to buy Bitcoin at 5k, it’s extremely greedy. There is greed to the upside which blinds our judgement (100k by 2021) and there is greed to the downside which blinds our judgement (5k when Tether crashes)