The 5 year return of Bitcoin is ZERO today

You might be correct that exchanges will halt Tether trading, but that's cefi

defi platforms, i.e. dexes will not halt until liquidity is drained from all liquidity pools

And there are the other $60 Billion worth of other stablecoins, USDC, BUSD, USDP, GUSD that will be used to buy bitcoins and other crypto assets.... and those stablecoins are issued by US companies

 

Why do you assume that someone holding Tether would buy crypto? I would go to cash. Good ole US dollars and wait to see what happens. If I have to store value for the next month or so I'm going to cash.

 

What John said, in most exchanges you can't just cash out. If you could, tether wouldn't exist.

 

Yahoo finance says the Dec 07/2017 close was $17,899

So this would be the FIRST TIME EVER in BTC history that it closed lower than it did 5 years ago.

That has never happened before in the history of bitcoin.

It has always traded higher that it was trading 5 years previous.

 

The one year return of CL is zero

 

That is nothing new for CL.

Like i just said above, this is the first time ever BTC has made a 5 year low.

This is another indicator that the BTC rocket ship is running out of fuel (greater fool's money), it is no longer headed for the moon ($1M)

 

During which you most likely hardly participated in. Or do you also put in hard earned dollars into some little obscure ventures that are currently valued by some die hards at 0.0000214 today?

 

Circular argument right here. I can equally ask you why nobody sells all their tether today and moves it into bitcoin...

 

In the grand scheme of things the entire American idea of ever growing equity markets and valuations is just an experiment and can't last for economic reasons. You can't ever grow a business beyond certain proportions. At some point you run out of ideas, space, funding, you face constant runins with oligopoly busters and regulators. Most of the honey of the middle class has already been harvested by the big fat firms. The middle class is nearly bankrupt, both financially and morally. Large companies and their CEOs can count themselves lucky if they don't get assassinated or raped within the next decade when the wild hordes start getting their guns and molotov cocktails. The current American economic and societal system is not tenable for too much longer. All the gullible cows have nearly been milked to exhaustion.