Tether Is Pumping the Price of Bitcoin

[CryptoGirl]

Within a week of being hacked for $30 million, Tether is able to “print” over $120 million of new currency, which then can only be exchanged for other cryptocurrencies.

So basically since Tether is required to have an equivalent amount of dollars in a bank (no one knows which one), this means an institutional investor believed that despite being hacked, dumping in a $120 million for USDT is a wise investment decision.

    The more I dive into the Tether controversy, the more I see an impending problem for Bitcoin. They just created another $45 million tether. In total, that makes +$90 million in extra Tether this week. Tell me, do you think a bank would lend them that much money after a $30M hack?

— Nicholas Merten (@Nicholas_Merten) November 28, 2017

https://perc360.com/tether-is-pumping-the-price-of-bitcoin/

[Cordillerabit]

wow great i keep an eye on this one looks like its pumping more