*The countdown of the Tether time bomb has come to an end. First warning was from J.P Morgan, and the second was from Elon Musk.
"There is a $ 34 billion tether in the $ 1.5 trillion market."
This perception needs an explanation, because it is a very misleading indicator of calculating a company's value from the stock value.
Increasing BTC price by $1000 also increases the "total market value by 19 billion USD" but mainly $1000 dollar increase in BTC price affects only a certain number of BTC. This is like selling 1% of a share of a company for $1000 each, and the value of the whole company means $19 billion. The amount of BTC bought and sold on crypto exchanges is far below the total market cap. The volumes we see are the same BTC that has been changing between holders many times.*
Posted Using LeoFinance Beta
Congratulations @shahzeab! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 50 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz: