bitcoin pyramid rising creates tether pyramid of unbacked tether exponentially higher with price rises... same bitcoin bouncing back and forth hourly for extended periods creates artificial or virtual equity increase... but the tether may not get any new Actual deposits for periods during extended bitcoin price gains... Common sense leads you to believe that even Mish over estimated how much tether may be out there anywhere that bot real dollars... Unregulated makes running pyramids easier but not Legal Tender... So we watch...LJ