I am cross posting this here as will, as it concerns both BTC and USDT. Mods - please feel free to remove if you think it should not be done. Thanks.
Has anyone seen this report that expresses concern over Tether / BTC correlation:
http://www.tetherreport.com/ - what is your take on this?
Here is relevant portion:
Author
The report’s author will be referred to as - 32E3690D50B3B477DF7841212D4BB938DC9CDB50307618328E7F8B53F37CC1E2
The author is concerned about backlash and has asked to remain pseudonymous by signing this report with a public hash of their name.
Sometimes people express views and opinions that are not popular. A pseudonymous hash signature enables an author to share such views and opinions without facing personal backlash.
If you have a valuable perspective you’d like to share, ask a mutual friend to introduce us. We’d love to talk.
Summary
Author’s opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet.
Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
If there is questionable activity, the author believes a 30-80% reduction in BTC price could be forecast.
