Bitcoin's Market Cap Is X Quantity More Than Tether

Tether, as a % of the bit coin float, is huge and has a highly disproportionate impact on price, not value. When bitcoin was trading in the single digit thousands, post march, tha tide with covet 60, 70 thousand dollars would have seemed like while we printed there. And we could print right back to 100 based on the floes and the percent of the float that is real. So this is, this is where i start getting ify about everything. Is just that while i agreewt absolutely, obviously, as a sceptic of tether and biffinex, most of them are valueless crypto currencies. My problem time and time again, comes down to