Tether Spent $1 Billion on Bitcoin During Its Recent Crash. Should Individual Investors Follow Suit?
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During the past three months, Bitcoin's (CRYPTO: BTC) price slid as much as 21%, sending the crypto market into a tizzy of anxiety. Right in the middle of that slump, the coin had an unusually committed buyer. Tether, the issuer of the USDT (CRYPTO: USDT) stablecoin, the world's largest, spent about $1 billion from its reserves into new Bitcoin purchases, expanding its already large stash of coins right when many investors were bailing out.If a systemically important stablecoin issuer is buying the dip here, does that mean regular investors should, too?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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