Doubt that. I’m sure almost anyone here could wow me with technical reasons why they are correlated…
In the end because this is all illusionary and not backed by anything tangible, it’s faith-based speculation.
When Tether pops, Bitcoin probably goes up. No one will have learned any lessons, just that they picked they wrong one, but this one over here is “safe”. It’s all what people can be made to believe, and I’m pretty sure the average crypto gambler can be made to believe lots of things that aren’t rational. Who hasn’t seen that themselves?
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