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RE: More than half of last year's crypto rally was fake?!
I believe that it is fake.
As hard to believe that one exchange caused it.
There is still a lot of fart in the bubble, and it needs to be popped.
The panic was more due to people outside looking inside, than from people buying it with their money.
Media hype and financial hype are different things.
Talk is cheap, but how many bought BTC with their money?
Not denying that it happened too.
If plenty enough people will try to revert from USDT back to USD, they may be surprised.
Quite frightening that one exchange issues its own centralized fiat money (not just stocks).
This is similar to when each bank was allowed to issue its own gold backed currency.
Now wait for the run on BitFinEx.
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