If 95% of BTC volume/liquidity is tether and tether is less than 75% collateralized in fiat, how much of the circulating supply can be settled for real fiat and at what price per BTC?
There’s slippage to consider too.
Anyone good at math?
Post by twetch#717
$19,103.11 USD at 1am Philippines time
$354,370,000,000
@95% of tether
$336,651,500,000
75% is $252,488,625,000
+
$17,718,500,000 USD
$270,207,125,000 USD
÷ 18,562,987
= $14,556.230901847
Might want to check the math but this is what I got
What the chain says
- Block
- 664 299
- Time
- 2020-12-05T18:06:55Z
- Signer
- 149rZV7GUU5HT9iWGjW6bTY7dq5vukjF7h
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#717
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
149rZV7GUU5HT9iWGjW6bTY7dq5vukjF7h Verified