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by TacticalCoder 1705 days ago
Yes but long term? The big question is not if there are real USD behind USDT or not but if Tether has a way to pump the entire crypto market. Basically: did Tether make BTC go to 64 K USD, by printing non-backer tether by the billions and then use them to buy BTCs?

Short term if USDT collapses, BTC would probably skyrocket due to everybody looking for an exit out how USDT. But long term? What if the BTC demand is simply mostly all fake?