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by lalaland1125 1960 days ago
That doesn't deal with the fake $500 million per day that is being pushed in by Tether. That money has to be artificially inflating the price of Bitcoin. Unless you actually think $500 million per day of real dollars are being acquired by Tether, a company that has never been audited and is under investigation, when there are many legitimate stable coin alternatives such as USDC? You would have to assume that there is both a $500 million per day whale buying Bitcoin and that whale is unable to use more legal means.
2 comments

Study finding no correlation between stablecoin issuance and BTC price - https://voxeu.org/article/stable-coins-dont-inflate-crypto-m...
You have no sources for any of your claims.
I provided links to my sources in the original post. I thought it was pointless to relink them every single time.