Tether hyperinflation.
Edit: I should clarify. Bitfinex printed 95 million worth of tether in the last two days, and used it to buy btc. When your prices are denominated in Monopoly money, the sky is the limit.
Edit: I should clarify. Bitfinex printed 95 million worth of tether in the last two days, and used it to buy btc. When your prices are denominated in Monopoly money, the sky is the limit.
https://www.reddit.com/r/BitcoinMarkets/comments/7fsfwl/dail...
Essentially, that means people will be losing money.
Sidenote: With all this talk about cryptocurrencies, I find it strange that Tether is the only coin whose volume exceeds its market cap; strange in the way that cryptocurrencies should be having way higher velocity rates IMO.
"To raise market cap. by 5B, you basically need to raise price by ~3% (%_delta = [(cap_delta / btc_count + current_price) / current_price - 1] * 100%). The total usd amount to change price by desired delta is pretty small, for BTC it is usually around 8M for 1% (easy to check)"