Tether needs to print 50 billion like in 2020-2021 to trigger the largest pump in history
More than 4 hours ago, an additional 1 billion was printed, total newly minted Tether reached 16 billion USDT – Still far from the 50 billion of the 2020-2021 season 💸
A relatively modest number compared to the 50 billion USDT that was pumped during the growth cycle of 2020-2021. This raises a big question: Where are we in this cycle, and is the market ready for a big Big Pump yet?
Comparing the current USDT minting and the 2020-2021 cycle
1️⃣ 2020-2021: 50 billion USDT
- During the 2020-2021 period, Tether minted over 50 billion USDT to meet the high trading demand in the uptrend market.
- This significantly contributed to BTC reaching an ATH of 69,000 USD and triggered the explosion of altcoins.
2️⃣ 2024: 16 billion USDT (still far from matching 2020)
- So far, Tether has only minted 16 billion USDT, meaning the market is still in the “preparation” phase before the real influx of money explodes.
In comparison, the current USDT pumping has a lot of room for growth, signaling that Altseason and the Big Pump will likely occur in 2025.