They say a picture is worth a thousand words. Apparently, a Tether grant is worth 9 Billion US Dollars. At least the $100M grant on December 14, 2017 was. In less than 2 hours after The Tether Corporation “granted” $100M, the price of rose by over $600 per coin, or 4%, adding more than $9B to its market cap. Bitcoin How does this compare to a randomly selected interval? On average, Bitcoin raises by about 20 cents in that period. That comes out to an average percentage gain that rounds to 0%. On January 18, 2018, concluded that 48.8% of all Bitcoin’s price increases can be traced to within 2 hours of 93 Tether grants. The report is pretty scientific, but it’s a little hard to follow. So I’ve been trying to create something a little easier for the rest of us. The Tether Report Here’s an example of how a Tether grant compares to a randomly selected point: Tether Grant vs Random Time The chart on the left shows a Tether grant. The midpoint is the time of the grant. For an interactive version of each Tether grant compared to a random time, check out . The charts are scaled in terms of percentages so that you can see the difference in Tether grants (especially recently) compared to random times. The Tether Effect If you’re interested, I wrote — detailing the many cases of related fraud. A Brief History of BitCon cryptocurrency

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The Tether Charts

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Brian Yahn

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