Without the outright manipulation of Bitcoin by Tether - another royal scam backed by bullshit - the Bitcoin price would plunge by up to 80%. Regulators who are asleep at the wheel should look into this criminal manipulation scam http://www.tetherreport.com/
Tether is less of a scam than crypto in general. At least it corresponds to some sort of portfolio of assets, even of its less than what it legitimately should be. Bitcoin (etc) correspond to nothing - to a claim on literally no assets whatsoever.