The only reason the halving is at all relevant is that it affects the unit economics of bitcoin mining, which brings into the conversation the "value" of a bitcoin, which is determined by Tether. It's all connected.
The price quoted on exchanges may or may not be influenced by Tether. However, the Bitcoin protocol itself and the monetary properties this protocol possesses are unaffected by the presence of Tether.
In other words: yes, we all understand the issues with Tether. I’m still hodling. You do you.
The only thing Bitcoin is worth is what someone is willing to pay you for it since it has no, you know, underlying value. If that number is determined substantially by manipulators, well, what good is it? It may as well say "In Giancarlo Devasini [1] We Trust" on it.
The "monetary property" it possesses is defined in Tethers. You can send them back and forth all day but if you have no baseline of what it can be exchanged for, I can just move lines in my spreadsheet back and forth too. That's not a "monetary quality."
