Hacker News Reader

I'm not sure the distinction between those two thoughts are as clear as you think.

If money moves into it and the price tends to increase during inflationary times, then you would be rational to use it as a safe-haven, regardless of what other people are doing.

Tether printed $6B since SVB collapsed.

It's not surprising prices are up.

If you believe Tether's are real - then you believe the increase is real.

If you believe Tether's are fake - then you believe the increase is fake.

Same crypto story, different day.

We will see but I think in a context with much uncertainty Bitcoin or other cryptocurrencies could be at the same level of uncertainty than the traditional economy and rising up.