Bloomberg analyst: USDT's rapidly growing market cap is widening the gap between Bitcoin and altcoin

Mike McGlone, senior commodities strategist at Bloomberg Intelligence, noted in his latest report that USDT's rapidly growing market value is widening the gap between Bitcoin and other altcoins, which are "most speculative "Digital assets", stablecoins like Tether may expose many cryptocurrency fallacies, and at the same time enhance the value of Bitcoin, making it a gold equivalent in the crypto market.