[yeneek]

Tether market cap is 24bil, Bitcoin market cap is 714bil. Its just 3%. I think that Tether isn't inflating BTC that much. The institutions that buy BTC like PayPal, Square, JPMorgan have much bigger effect on Bitcoin than Tether.

[JackFr]

That’s not quite how it’s gonna work. It doesn’t matter what the Tether market cap is. The BTC market cap is coins x price. If Tethers represent 70% of inflow and they disappear, price is gonna come down. Likely a lot more than 3%.

[ur-whale]

This is addressed in the article.

Basically the market cap of BTC is not relevant here, but rather the daily volume.

[yeneek]

JackFr Fair point. Thank you.

Well, it will be an interesting week for sure.

[Bellamy]

And from the 3% of tether, probably 74% is actually been backed.