So much money getting parked in Tether. Lots of money sidelined just itching to get in. I wonder what they are waiting for? Probably some combination of COVID economics and the halving event.
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So much money getting parked in Tether. Lots of money sidelined just itching to get in. I wonder what they are waiting for? Probably some combination of COVID economics and the halving event.
I think it actually has a lot to do with Asia how people are moving money using tether to get around governmental controls. So the spike in tethers may be a bit different his time compared with others, but I am sure some of it makes its way into bitcoin, especially if it starts running.
Indeed, we are rehashing that 'capital flight' argument.
I wonder how many billions that accounts for... guess we'll find out!
From what I have read and the lack of an impact on bitcoin thus far, it could be a lot...