Your idea was basically to short tether at high leverage and wait. But margin trading with high leverage isn't free. You are essentially borrowing the money at

Your idea was basically to short tether at high leverage and wait. But margin trading with high leverage isn't free. You are essentially borrowing the money at a very high interest rate. For example, at Kraken the margin cost is currently typically 0.02% per 4 hours. This is not something you want to maintain while waiting for an event that could take years to materialize. And that's for modest leverage (up to 5x), I imagine it's even more expensive for the 100x leverage you were looking for. https://support.kraken.com/hc/en-us/articles/206161568-What-are-the-fees-opening-and-rollover-for-trading-using-margin- https://support.kraken.com/hc/en-us/articles/206161568-What-...