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by albntomat0 1264 days ago
In that scenario, I agree that the price of other cryptos in Tether will go up, if Tether seems like it's actively collapsing. However, that'd be due to Tether's perceived value being significantly less than 1 normal US dollar, or 1 of another US dollar stablecoin.

BTC per Tether goes up, BTC per anything else is unchanged, without considering the loss due to yet another crypto blowup.
1 comments
scotty79 1263 days ago
> BTC per anything else is unchanged

I wouldn't be so sure. Demand is denand, doesn't matter if it comes from $ or USDT. Exodus from tether will reduce supply for everybody that wants to buy other crypto even if they pay in hard currency.

Of course this could be offset by reduced interest in buying crypto from everyone else because tether is folding. Only time will tell hiw it plays out.

If I were to bet I think I'd bet on cryptos falling then. But I can't be sure.

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