Here's your summary from A New Test of Crypto Demand Beyond Bitcoin (https://www.youtube.com/watch?v=wetmc210oLU) on the Bloomberg Television channel:

**TLDR:** The video discusses the significance of Tether in the crypto market, the gold to oil ratio, and the short squeeze in copper.

1. Tether plays a crucial role in tracking Bitcoin and promoting crypto adoption.

2. The gold to oil ratio is at its highest since May 2021, indicating a potential shift towards gold.

3. Copper is experiencing a short squeeze driven by managed money futures and prominent economists' predictions.

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