An additional 6 billion Tether was minted October 21

[livingfree]

I've never recognize this during the 2017 bull run.

There were series of printing by that time and with the hype of initial coin offering, it made easier for bitcoin to reach the peak of $20k. It is contributing to the increase that we are experiencing.

But one major reason that we see is the adoption, a real adoption is happening like the Paypal news.

In 2017 Bitcoin increased in price due to the more money pouring into the Crypto market due to ICO activities, investment funds began to pay more attention to Bitcoin and pulled the price of Bitcoin up. Bitcoin's value at that time was more FOMO than when people first learned about Bitcoin in the media.


Relationship in Tether's expansion and Bitcoin's appreciation in the Tweet below.
https://twitter.com/filbfilb/status/1313262658825715713




Paypal has good news and helps Bitcoin to rise in price quickly but I am looking into stabilizing how Bitcoin's price rise is organically related to the release of more Tether.

Don't forget about the printing of Tether by that time. Two things combined and made the market fruitful and made every crypto into bull run.

And with the scenario that we have for this year. We have the Defi, Paypal news and the continues yet surprising printing of Tether. All of these I think are combining their market shares which made bitcoin up.

[VolkoB]

Paypal made bitcoin more expensive, and for some reason I think that this is only the start of a rise in price, and after adjustment, the price will surely creep up significantly.

[Tipstar]

Way to go tether. They are already the third largest by marketcap and they'll soon win every of them to come the number one.
They just need to whirl their wand and mint some more coins. "Power resides where men believe it resides. It's a trick. A shadow on the wall."
They just need to mint coins and keep buying bitcoin and when they have a lot of coin, they can control the whole crypto market. But before that, I think their bubble would burst and many people would get hurt.

[int03h]

In 2017 Bitcoin increased in price due to the more money pouring into the Crypto market due to ICO activities, investment funds began to pay more attention to Bitcoin and pulled the price of Bitcoin up. Bitcoin's value at that time was more FOMO than when people first learned about Bitcoin in the media.


Relationship in Tether's expansion and Bitcoin's appreciation in the Tweet below.
https://twitter.com/filbfilb/status/1313262658825715713




Paypal has good news and helps Bitcoin to rise in price quickly but I am looking into stabilizing how Bitcoin's price rise is organically related to the release of more Tether.

I am confident that having more Tether will make bitcoin more stable in value. Based on the chart showing the progression of Tether issuance and increasing the value of Bitcoin. I believe that Tether will be good for Bitcoin value enhancement. The additional issuance of Tether also testifies to this company's confidence in the cryptocurrency market.

[emrecemsan]

We have learned one of the reasons why Bitcoin has risen in recent days. Whenever tether is released, the value of bitcoin increases. If we follow all kinds of developments regarding Tether closely, we will get more detailed information about bitcoin.

[7788bitcoin]

Tether is being printed out in large numbers since March this year. Before printing 6 billion Tether more today they released 15.6 billion Tether. We currently have 21.6 million Tether.
I think the more Tether there is, the easier it will be for the price of Bitcoin to go up.

So here we have the real reason for the price of bitcoin moving up, mostly everyone was claiming the PayPal acceptance was the reason for the market to move higher and now we have a solid reason as we have seen in the past that whenever the price of bitcoin rallies there is a background where there are billions of Tether being minted and we had are doubts about how they are doing it without much transparency and even now there is not much transparency but billions of Tether are in circulation now.

[Ridwan Fauzi]

There is a lot of information which can push bitcoin price or all altcoin price goes up, we have seen it until now. Bitcoin price has touched back its all-time for this year even that price has been surpassed, so we have a high opportunity to see the bull run market comes before the end of this year. More than that,  I just happy that bitcoin was trusted as a store of value or as a safe haven asset when the crisis comes. As we can see now, when many sectors and other investment venues crippled by this pandemic but bitcoin and gold have shown that they deserve to be chosen as a safe investment place.

[jacafbiz]

If the DEFI hype is real, I do think we have nothing to worry about, people need to understand hat there are a lot of free money around now, that people are looking for where to invest and with the nice exposure Crypto is getting now, I think we will see more of this Tether printing. I think Tether marketcap will soon hit $100 Billion as Bitcoin price continue its bull run

[articlecity]

Tether is being printed out in large numbers since March this year. Before printing 6 billion Tether more today they released 15.6 billion Tether. We currently have 21.6 million Tether.
I think the more Tether there is, the easier it will be for the price of Bitcoin to go up.
https://twitter.com/CryptoWhalebot/status/1318956720723550209?s=19

As the market has unfolded its direction now and community is assuming a big journey towards north we will see more and more usdt being minted, more hype and fomo which will result in taking the market to the moon.

[hd49728]

If the DEFI hype is real, I do think we have nothing to worry about, people need to understand hat there are a lot of free money around now, that people are looking for where to invest and with the nice exposure Crypto is getting now, I think we will see more of this Tether printing. I think Tether marketcap will soon hit $100 Billion as Bitcoin price continue its bull run

DeFi hype, is it real? Yes it is. The market and involved investors have witnessed the hype of DeFi. Free money is not real and the real free ones are shit tokens. If you are lucky to grab huge shit tokens but later those tokens have high price, you can get a fortune from free shit tokens. Most of shit projects fail and their tokens have low price.

About Tether USD and a new supply of USDT, last 2 days, Bitcoin broken the cap at $12k and aimed at $13k. People are talking about the new supply of USDT help bitcoin to rise like that. Believe it or not and it is right or not, I am not arguing here because I know there will never reach to final conclusion. Simply enjoy the ride of Bitcoin, and forget about USDT.

[asriloni]

We have learned one of the reasons why Bitcoin has risen in recent days. Whenever tether is released, the value of bitcoin increases. If we follow all kinds of developments regarding Tether closely, we will get more detailed information about bitcoin.

Did you meant bitcoin and tether has a very strong correlation?

This has become a very old story that when tether has played the very important role to pump the price of bitcoin. Just remember about the theory that has already sounded by some people in the past when tether has been minting USDT and it will always be used to buy Bitcoin. Idk how this mechanism was working but it has been happening since a few years ago.

[istiak2277]

Tether is being printed out in large numbers since March this year. Before printing 6 billion Tether more today they released 15.6 billion Tether. We currently have 21.6 million Tether.
I think the more Tether there is, the easier it will be for the price of Bitcoin to go up.
https://twitter.com/CryptoWhalebot/status/1318956720723550209?s=19

By seeing this demand we can say that cryptocurrency adopting is inevitable. People are involving new project through IEO and ICO and that increase the demands of stable coin. People like to use stable coin instead of BTC is because of BTC and other alts volatility. But you are saying BTC price goes up because of USDT printing but I don't not is there any correlation between them?

[RealMalatesta]

It definitely reaches to a whole new level right now, first of all I honestly think it should be removed from the coinmarketcap type of places because it is certainly not a coin itself, it is basically just a fiat thing that has a blockchain behind it and nothing else.

Secondly when something becomes third biggest project in crypto world with absolutely no decentralization at all is a scary situation, it shouldn't be this free and it shouldn't be creating this much power for themselves, they have enough power to basically destroy the market as a company, that is the epitome of centralization. This is why I see this as a bad thing and not a good thing, the moment they decide to scam or just die we are going to end up with a whole lot of bag and it will be very hard to recover from that.

[yangongear]

By the time the market capitalization reached ATH (more than 800 billion USD), the market cap of USDT was only 1.5 billion.
Currently, USDT's capitalization has increased 10 times along with many other stablecoins, but the market capitalization is only nearly half of that of ATH. So maybe a big bull run is coming?

[wack slacker]

By the time the market capitalization reached ATH (more than 800 billion USD), the market cap of USDT was only 1.5 billion.
Currently, USDT's capitalization has increased 10 times along with many other stablecoins, but the market capitalization is only nearly half of that of ATH. So maybe a big bull run is coming?

That is happening, Bitcoin is having a strong chart, there is a lot of USDT to buy into Bitcoin. In 2017, there was too little USDT to buy Bitcoin and I found that 1USDT was about 20% more valuable than 1USD . That shows the huge market demand for Bitcoin.
Every time Tether issues more USDT, Bitcoin increases in price to a higher level. Along with the chart, we can see that USDT is supporting Bitcoin on its way to a new ATH.