If the bot does a accurate prediction of this question:
who knows
I'm waiting a bit longer to check some info and wait for maybe news from the US government. At the moment I think this chance is at 0%. I don't trust USDT for one moment, but the last audit showed that they actually had all USD in the bank. I think those USD might not be accessible for some time, and therefore any significant drop from the rate USD/USDT will be bought by someone who eventually believes that the USD will be able to withdrawn.
Also I have this weird thought that the US government is buying the USDT, or has someone buying USDT for them, because who else is buying them as long as it remains unclear what is happening under to roof of Tether/Bitfinex? Who else has the funds to do that without having to worry about losing capital?
It can also be much simpler. As soon as the price drops >1%, traders use that to swap between coins instead of using ETH and BTC, or temporarily hide in USDT until there's a moment to buy. It's an efficient way to prevent your total funds losing value if you anticipate a further decline. Just hope that USDT doesn't go to 0.00 while having your hands on this. Because this is either worth a dollar or it is worth nothing at all, there's no intermediate.
And still no 2018 audit of the Tether accounts is to be seen. US government remains silent as well. Silence from an authority usually means they are working on the case, and no information can be made public, as it might compromise the legal case they are building. Except for this message then...
US derivatives regulator looks to calm cryptocurrency fears
