Why Tether Probably Tops Bitcoin as Most Used Cryptocurrency

The video discusses the trading volume of Tether compared to Bitcoin, highlighting that Tether's volume is higher due to its role as a liquidity tool in exchanges. It explains the difference between cryptocurrencies like Bitcoin and digital assets like Tether, which is backed by USD. The video also covers Bitcoin's use as digital gold and how its trading volume doesn't reflect its actual usage. Finally, it explores the role of stablecoins in investment, particularly for dollar-denominated investors, and their importance in the crypto ecosystem.

What is the main purpose of Tether in the cryptocurrency ecosystem?

What are the implications of using Bitcoin as a digital gold?

How does the trading volume of Bitcoin differ from that of Tether?

In what way does the volatility of Bitcoin influence the use of stablecoins?

Why might investors prefer stablecoins like Tether over Bitcoin?