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by solipsism 3104 days ago
I'm curious, how did you come up with $1k?
1 comments

That's what it was roughly worth before the hyperdeflation started.

I put my money on waiting until after Tether [1] fraud gets exposed.

[1] https://en.wikipedia.org/wiki/Tether_(cryptocurrency)

I often hear this theory that tether is just printing bills that are not backed by actual USD... Which I doubt is occurring... But even if it is and every single tether is counterfeit, the market cap of Tether is a mere $1.2 billion. To put that in perspective, Bitcoin's cap is $240 billion. Tether is not a major factor in Bitcoin's price. Sorry.
If you doubt its occurring, mayhaps you can share facts which lead you to that conclusion?