The Billion Dollar Whale levels of audacity in fraud that Crypto Capital Corp got up to (including funding a football league with money almost certainly misappropriated from investors) should be a reminder that selecting partners for expertise in money laundering is a bit risky.
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We are living inside the middle chapters of a Michael Lewis book.
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So, if you wanted to bet against it, how would you? Can I buy some PUT options? When everything comes crashing down will I be able to exercise them?
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I have spent far, far too long thinking about this question, and don't at present have a good answer to it. There are futures one could short. Apparently there were some blockchain stocks with options chains during the last bubble which aaaaargh I try not to have regrets but...
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After Tulip Mania, people at least ended up with some nice tulips.
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@tweet_stamp stamp it - End of conversation
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How is Crypto in a credit bubble? Outright fraud has very little to do with credit.
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