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If USDT also collapsed now, the whole crypto market would collapse almost entirely.

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by COINS NEWS 155 Views

Here's something I just thought about. Everyone and their mother knows Tether isn't backed by USD 1:1 as they have never been properly audited.

Everything in the crypto market is propped up by this shady stablecoin, yes even Btc. I think if it somehow collapsed then all things considered, we maybe actually have a scenario where crypto very briefly hits pre 2017-2018 bull market prices.

In that sense it would truly be a once in a lifetime to get many alts like Eth, Monero and perhaps even super cheap Btc. Since Btc has pretty much taken a Olympic swimming pool sized dump and the market along with it, thought I'd try to speculate a bit positively, well sorta.

submitted by /u/Socialinfluencing
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