Crazy amounts of tether being minted. Just a few hours ago we had a $1B tether mint and then all of a sudden 30 mins later another $1B tether print. Basically $2B in a single day. At first I assumed it was a misprint.

We also had another $1B tether print yesterday. And the circulating market cap is well over $100B now. This implies tons and tons of money is flowing into tether.

Look at the tether premium it’s something like 0.2% which is usual. Means there is tons of demand for tether. The tether prints are lagging the supply.

The month of march has been a bearish period for Bitcoin since it's history and a lot of whales predicted it's price to go below 60k and probably rise again after March in the anticipated halving towards April.  However we saw a different case this year and instead of BTC going down it has attained a high of 65k today which is close to the price of the All Time High in the last Halving by Nov 2021 which was about 69k if I'm not mistaken.

 Also, Tether recently released about a billion dollar USDT and afterwards we saw the price of BTC surge above its previous price of 62k to 63 and currently 65k plus. This has made lots of crypto enthusiasts wonder if the billion dollar release by Tether is the driving force behind the resurgence of Bitcoin, what do you think about this?

 Well in own my speculation I think Bitcoin could attain a height above the previous ATH of 69k to 70 or 75k and above, before April. Also, if the previous ATH was about 69k there's a possibility that it could double that figure, maybe close to 150k. What's your say on this.

Are you sure that you're not making a mistake here from what you're saying, maybe you're intended for bullish instead of bearish because bitcoin has been bullish since last month till now, maybe we may experience a little of its bearish any time soon or later in March, but as for now, we are still bullish in bitcoin market price, try and recheck your statement if something is not missing from what you've already intended top portray.

It's all because of the "ETF hype". More money is being poured into the crypto market, which is a good sign for long-term "hodlers". But stablecoin issuers' recent move, should raise a red flag to the whole market. If all blows up, expect prices to go all the way down the drain in an instant. There will be a massive bloodbath never before seen in the history of crypto.

I have always had the fear that stable coins like Tether might eventually harm Bitcoin and the other cryptocurrency. Their constant printing of currency at will is not different from what the FED are doing and this will ultimately lead to something similar to inflation and investors loss of confidence. I don't know if they have the regulatory authorization to print USDT at will but I know they might use it someday to manipulate the market and that will lead to the situation you described in your comment.

The worry to repeat again about their case before, having admitted that they have lower reserves or not fully backed can easily be seen again if they will continue to release USDT without really having actual reserves. Yes, they are the popular stablecoin for now but once people learn that their reserves are not fully backed, do you really think people will still hold their assets? This is why stablecoins are quite risky because we don't know if the team behind it are actually saying the absolute truth about their backing.