Perhaps. I think another possibility is just that many investors use tether as a USD proxy in the crypto markets. And if a bunch of new tether is created it may mean that a bunch of new fiat money has entered the market and the majority of new money that buys crypto, buys bitcoin.
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Yes. I think Tether is used as an onboarding vehicle, most of which goes to BTC, but a lot to other quality crypto, and now a bunch to DeFi too.
Yep, plus you can't discount the amount of tether being used in Asia currently to move money around outside of government controls.
Ahhh I never heard that before, sure hope so!