Relationship between Tether (USDT) and Bitcoin. Is the tail is wagging the dog or the dog wagging the tail?
Notes on the chart, you need to understand basic technical analysis.
The only reason Tether is able to keep its 1:1 peg to the US dollar is with its redeem-ability to the US dollar at any time. No single entity is able to defend against market forces by simply 'spoofing' USDTUSD pair.
Tether can be both a lagging indicator & leading indicator of bitcoin's price action based on capital flow.
Factors:
Fear & uncertainty on stablecoin regulation
BTC breakout
Sure, Tether could be shut down some day just like the Liberty Reserve even without any malice on iFinex part. The major flaw of every currency issuer is that it is centralized, and governments just dont like it.
Bitcoin will live on.
Despite evidence presented right from the chart, don't expect idiots like @Silver_Watchdog to ever debate logically because hey, FUDDing tether will pump your useless gold rocks?
Being wrong on gold and silver for 10 years that it is going to infinity with Quantitative easing, zero interest rate policy fine. You don't have to be salty that others are getting rich and you're not. The market is never wrong, you are.
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