Bitcoin and Tether FUD

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In this video, I debunk the popular conspiracy that unbacked Tether (USDT) is being used to pump the price of Bitcoin. This theory relies on a paper by Griffin and Shams that has been debunked numerous times by different scholars (see below).

In addition, it's clear from their relative market caps that Tether could never be used to pump Bitcoin, since it is simply too small (3% of Bitcoin's market cap).

Not investment advice! Consult a financial advisor.

Tether:
https://en.wikipedia.org/wiki/Tether_(cryptocurrency)

List of stablecoins by market cap:
https://coincodex.com/cryptocurrencies/sector/stablecoins/

The original debunked paper:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066

Debunkings:
https://voxeu.org/article/stable-coins-dont-inflate-crypto-markets

https://www.sciencedirect.com/science/article/abs/pii/S0165176518302556#

Binance trading volume in USD and USDT:
https://coinmarketcap.com/exchanges/binance/

Bitcoin price map:
https://www.bitcoinpricemap.com/

Nic Carter on USDT supply growth lag:
https://twitter.com/nic__carter/status/1166327587964162048/photo/1

Bitcoin price flat while stablecoin issuance skyrocketed:
https://twitter.com/bitcoinlawyer/status/1333160779206561792

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#Bitcoin
#Tether
#USDT


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