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RE: Investigating the Top 50 Cryptocurrencies, Part 34/50: Tether
Is it not possible that the big investors that are pumping crypto would also want an easy way to transfer into USD for their escapades? It is much easier to switch from crypto/crypto then it is crypto/fiat. It takes times and huge charges.
I wonder if people are looking to far into this. If I was betting millions on following waves up and down, and if my money is inflating crazily with the market, I want a safe space to store it during uncertain times.
I am guessing it may also be possible that these big investors could take out there money that is backing tether at any times.
It's possible, but the way that the token supply has increased so rapidly in the last few months is shocking
And the crypto market has grown like 200B in the last month.... Probably 350B in the last few months. Doesn't seem unprecedented.
But, this is all guessing. :P