/biz/ - Business & Finance

>>25443768

Tether marketcap: $21,338,455,391
Bitcoin marketcap: $605,956,817,295

Tether = 3.5% of Bitcoin's marketcap.

If Tether collapses, it will have little to no impact in Bitcoin's price.

Tether is used for fiat liquidity in the market. It's a peg to the USD, which is a currency based in politician's honesty, having some utility but no real scarcity.

Tether is not what gives value to BTC. BTC is valued on its utility (store of value) and scarcity (21M).

Tether is disposable, as USDC and DAI provide the same "value", which the added benefit of legitimacy.

But if you really think that Tether is an issue and BTC will collapse, by all means short BTC with leverage. You can make a fortune out of your great insights in the market.