How do BTC pairs affect total marketcap

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How do BTC pairs affect total marketcap Anonymous Sat Sep 14 15:41:23 2019 No.15592418 [DELETED]

Consider the following:

- Grug wants to buy a shitcoin that is only tradable through BTC
- Grug buys BTC then exchange the BTCs into the shitcoin (here it should increase BTC marketcap a bit)
- one month later the shitcoin is listed on Binance with USDT pair
- Grug cash out on Binance with profits realized in USDT (here it should not affect BTC marketcap)

While the netflow of total marketcap is negative as Grug makes a huge profit with the shitcoin, BTC price isn't affected at all. How is this sustainable?

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