Tether Effecting Bitcoin Prices Recap
Welcome to this blockchain and cryptocurrency video by Crypto Daily. In this video you will learn a bit more about how Tether has had an impact on the prices of cryptocurrencies such as Bitcoin.
When Tether is printed Bitcoin price see's a jump and when Tether is recalled Bitcoins' price goes down. The issue with Tether is that it lacks credibility and the Audits done on Tether are not trusted. If there is not enough Tether printed to match the amount of US dollars that are set aside to match the liquidity of Tether than the prices of other cryptocurrencies have been inflated. If everyone went to sell all there Tether and could not cash out this would create panic in the market and a crash could occur.