It's already started moving no?
The way you put it, combined with these charts makes it feel like tether has inflated the price of bitcoin several times over. Of course I feel like bitcoin has real value and is not overpriced, at least not after such a long bear market, BUT perhaps tether is deciding when we move up and if it prints too hard, we pump too hard and have to suffer through heavy corrections....maybe without tether (or whatever game they play) we'd have pretty slow and steady and sustainable growth with less heavy pullbacks, same overall growth but without all the craziness?
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.
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!