I agree that the problem could be a lot less serious than it looks, but aren't you forgetting something?

The entire cryptocurrency space is based on one single thing: trust. While bitcoin on its isn't going to crash the entire system, what about the lose of confidence that is increasing at the moment. Many people look to bitcoin as the mother coins and this USDT issue isn't helping anything.

And if bitcoin suffers a massive hit, it's going to take a lot of convincing before the general public are willing to invest in it again, thereby depriving it of the needed funds to heal itself

Good article though, it was worth the read