What Joe Weienthal missed is that the price of Bitcoin never went to 20 000 USD. it went to 20 000 (USD + Tether). If now the markets start realizing that we should see a massive correction because it means a big part of the demand for crypto has been faked.
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Cz pretty much brought all the free stablecoin liquidity onto his exchange this month. Such coincidence! Wonder who is selling
$tusd on binance right now at silly premium..Thanks. Twitter will use this to make your timeline better. UndoUndo
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You should take a look and see where exactly Tether is being USED. Hint: it's not on Bitfinex. The largest daily volumes of Tether are on obscure exchanges to say the least. If it DOES disappear, well, daily Bitfinex volume is already very low, market is doing fine.
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...and they're aren't Billions in other stablecoins
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