However, there is one part of this argument that I don't quite understand:
If we woke up tomorrow to find out that Tether caused a disruptive event overnight and BTC/USD fell from $30,000 to $10,000 or $3,000.....
Wouldn't there be a gigantic line of people who have been experiencing FOMO for the last 6 months ready to jump in at the new attractive price level, driving the price straight back up?
Or is the side of people who could lose out on Tether just so huge that the newcomers would not be able to cover them all?
However, there is one part of this argument that I don't quite understand:
If we woke up tomorrow to find out that Tether caused a disruptive event overnight and BTC/USD fell from $30,000 to $10,000 or $3,000.....
Wouldn't there be a gigantic line of people who have been experiencing FOMO for the last 6 months ready to jump in at the new attractive price level, driving the price straight back up?
Or is the side of people who could lose out on Tether just so huge that the newcomers would not be able to cover them all?