Buying Bitcoin Pays When Tether Prints ?

BUYING BITCOIN PAYS WHEN TETHER PRINTS

Another chart of Bitcoin (BTC) price movements shows that in hindsight, periods of appreciation coincide with active, concerted minting of Tether (USDT).

In hindsight, Bitcoin price moves upward coincided with the printing of Tether (USDT). The correlation was especially flagrant in 2017, when the supply of USDT expanded in the millions for the first time.

But in 2018, there were also distinct periods that matched the effect of USDT action.

Full article: https://bitcoinist.com/buying-bitcoin-pays-when-tether-prints/

 

Master Asked on December 13, 2019 in Cryptocurrency.
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