Brace yourself, the bulls are coming

[inative]

All of a sudden, some 250m USDT just appeared on the markets. You know what it means.

[Guest]

It did seem like a scam last year....  is it possible though that some big players just deposit that amount of USD and therefore the tether is created legitimately....  and the big buys are what bumps prices?

[inative]

I don't know how legit this is, I guess to some extent it is. What I do know is that virtually every time this happens, BTC goes up.

[inative]

Here some context I didn't know about before: https://www.coindesk.com/bets-against-bitcoins-price-near-record-highs/    (in short: if price is kept above ~6000 for long enough, a "short squeeze" will bring a decent pump of BTC). I feel like this fact supports the theory that most of the USDT supply is fake, simply because it's so easy and brings sure profit.
BTW another 100m TetherUSD arrived just hours ago.