$BTC WhaleWire founder Jacob King pointed out, "Relying on continuous money printing and taking over, Tether is the only major buyer in the entire Bitcoin market. It proves its legitimacy by raising Bitcoin prices after printing new USDT and then selling the excess, while purchasing US dollars and gold as reserves." He referred to this model as the "ultimate house of cards," and once stablecoins face regulation or the demand for Bitcoin dwindles, the entire system may become unbalanced.