Is Tether Supply a driver of Bitcoin Prices

[BrewMaster]

when you want to come up with an analysis you can't just sweep things that aren't to your liking under the rug and simply ignore them. it is like saying bitcoin is in a downtrend in 2017 and ignore the obvious rise!!!

in this case nothing about Tether supply or its creation has changed over the past couple of years. specifically in 2017 AND 2018 but these two years are exact opposite of each other and none of those shitty articles that you have read about Tether ever mention this because they want to sweep it under the rug!
so unless you can find any logical reason why all these theories they keep publishing for 2017 and 2019 did NOT work in 2018, i am calling bullshit on all of them.

the fact is, Tether doesn't even affect bitcoin price and majority of bitcoin traders are trading bitcoin with fiat and only use Tether in their ALTCOIN trading on ALTCOIN exchanges since most of the bitcoin exchanges don't even have Tether!!!

[1714758364]

1714758364

[d5000]

the fact is, Tether doesn't even affect bitcoin price and majority of bitcoin traders are trading bitcoin with fiat and only use Tether in their ALTCOIN trading on ALTCOIN exchanges since most of the bitcoin exchanges don't even have Tether!!!

I also think there is no direct influence of the Tether supply on the BTC price.

However, there is some kind of correlation - in 2018 the Tether supply grew much slower than in 2017, and since the bull market started, the Tether supply growth is rising again. In my opinion, like I wrote in the other post, it's much more likely that it's simply an indicator for "interest" and "activity" in the crypto market.

We cannot also cleanly separate the Bitcoin market from the Altcoin market, as almost all altcoin exchanges (with the exception of token exchanges) are also allowing Bitcoin trading. There are even "almost-pure" Bitcoin exchanges like Kraken that use USDT.