There is no world in which a major tether depeg leads to a boost in BTC price. I... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

smabie on Oct 8, 2021 | parent | context | favorite | on: Anyone Seen Tether’s Billions?

There is no world in which a major tether depeg leads to a boost in BTC price. It will not happen.

ric2b on Oct 17, 2021 | [–]

That's what happened when MTGox collapsed many years ago.

nly on Oct 8, 2021 | [–]

Tether (the company) are likely huge holders of Bitcoin anyway, given that they lend worthless Tethers out in exchange for Bitcoin as collateral.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact