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Conspiracy theory: BTC is being pumped by a state actor using fake Tethers so no other coin will be able to gain dominance.
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since when is this a conspiracy?
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You should write a thesis on this backed up with as much evidence as you can and post it on reddit, then link it here.
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Other people already analyzed the Tether supply and how it correlates to other metrics. All I did was explicitly write what they only implicitly hinted at.