Take a look at this...if New Currency investment in Bitcoin comes from anything EXCEPT Tether, then Bitcoin could soon bounce higher as it seems cryptocurrency is sustaining itself mainly at the moment. Hence these sideways prices, as more and more countries print themselves to oblivion bitcoin should theoretically rise....UNLESS something happens to Tether and then it could dump.
But do you think too many Crypto businesses are so reliant on Bitcoins dominance and status that they would always support its price? 🤔
I’m going to be watching this relationship between tether and the bitcoin price more and more now, especially as it’s not a really popular area of bitcoins news 👍🏼🤓
Image from Cryptobud Youtube channel
You can watch the full video here