Maybe someone knows. When CSW sells his 800K+ BTC and the p…
Maybe someone knows.
When CSW sells his 800K+ BTC and the price starts to drop, what's stopping Tether from magically making more zeros and pump it right back up?
Am I missing something?
Replies
"Tether would have to print $23 million a day to counter. " That's what a person wrote in Slack as an answer. Make the math...
so what?
They can do it any time.
They can print as much as they want.
They just printed 5 BILLIONS (and burned them later because it was an error, but they still CAN do it)
As long as Tether USDT is around, they own prices & market.
So that number of required Tether keeps going up. At some point it won't matter how much Tether they print..that corpse BTC won't get up.