Tether, which supposedly converts cash into digital currency to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the Yen, is falling apart right now. $30,000,000 in Tether was stolen in November and they haven’t let anybody sign up since.
There is clear evidence they are just printing Tether with no USD backed to it in some account somewhere. Also, they have just fired their auditor Friedman LP a couple of days ago, highly raising concerns of Tethers worthlessness. This company is going to be the biggest crash of the Bitcoin bubble and it’s going to happen in a couple of months.
This could greatly affect cryptocurrency forever. In the press, experts have been quoted as saying that bitcoin (BTC) price could crash 80 percent if it turns out Tether is fraudulent. And though that scenario doesn't appear likely, coupled with chart analysis, it does perhaps increase the odds of a break below $10,000.
The numbers keep adding up and eventually Tether will fail and people with Tether will have worthless currency. It’ll be like owning a Billion dollars in Zimbabwe cash.