Binance didn't even invent Tether, that was Bitfinex. The allegation of tether pump has been blown out of proportion to anyone that cares to read on it. Not to mention we've got other stable coins backing the price now.
Exactly and soon it will be backed by the Feds own crypto. US Dollar coin, which is made out of thin air
I agree with this 100%. I know about 3 people that has been trying to file unemployment for 5 days. The phone number is busy. Think about the middle class and below first. They need to pay the bills or the banks do not get paid. Then it is over. You have to take care of the people. It is not their fault. Let them print more money. It is the right thing to do. We can worry about fixing the "printing more money later"
The problem is that given the alternatives (high deflation vs high inflation), we at least have an idea on how to deal with inflation. In either case, we are probably not looking at true hyperinflation (which is usually a product of very specific actions by the government) but rather a high inflation, ranging from 7-12% per year. Painful but it would also have some side benefits. You can't really compare the percentage changes for an asset with a total market cap of 250 billion to the ones for a multi-trillion market. In standard deviation terms, bitcoin actually performed marginally better than almost any other asset except for the US treasuries.