Bitcoin Is Doing Great But Will It Last?

Bitcoin has been growing really high in price and I am very proud of it, the price of bitcoin is o er $50k and it’s less than $20k from its all time high price. But there is a problem, lots of people think that the price of bitcoin will soon come crashing to probably $15k because of USDT. You see, USDT has been in some controversies saying that USDT is not backed by anything, the value is imaginary, and it is being printed out of thin air. The company, Tether is said to have been printing USDT without backing it with real value.

Blackrock has sparked interest in cryptocurrency, Blackrock controls majority of the world’s economy, this means that if they want to invest in crypto currency, they will have to make sure that they are investing rightly and they are not making any mistakes. USDT is paired to BTC in most exchanges if not all exchanges, SEC is fighting them, this means that if they win and we see the USDT get delisted and removed from the total crypto market, what happens to the price of BTC? Remember, USDT is assumed to be worthless and printed out of thin air by tether, meaning that the value of Bitcoin we are seeing could be imaginary right? This is how the price of bitcoin could go down to $15k.

Who knows I might just be wrong, besides we saw SEC and BUSD and making Binance stop printing of BUSD and delist It from Binnce exchange, but that didn’t affect the price of coins paired to it. Even if it doesn’t go down $15k, it might have a huge negative price impact on Bitcoin and crypto generally, USDT is the highest Market cap stablecoin.

Posted Using InLeo Alpha