Hmm. I get the idea of tether problems maybe triggering FUD for Bitcoin (anything could trigger a psychological reaction). But at the end of the day I still can never understand why a $2.5billion marketcap should be seen as mattering at all to a $110 billion marketcap, or why an onramp that a few people built would matter to what Bitcoin is.

So could it create FUD? I guess.. maybe? But it shouldn't. And it's hard to speculate what an unnecessary short-lived reaction may or may not be.

I get the point about MtGox and maybe now Tether influencing the price, but I don't think they'd actually succeed at that if it wasn't in step with BTC's natural momentum. They may have bumped it up artificially higher than otherwise, but it would be really hard for them to create the full spike.

BTC seems to have a pattern of spiking and recessing in a similar way, it usually rhymes with past bubbles. I think it's mostly the natural market momentum, and people playing around is a secondary thing.