[JumpCrisscross]

It's marketing.

When Hindenburg publishes equity research, the disclosure is "you should assume that as of the publication date of any short-biased report or letter, Hindenburg Research...has a short position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein declines."

[1] https://hindenburgresearch.com/draftkings/

[qeternity]

Precisely. It's too risky to actually short the crypto complex because if the Tether fraud is true, then they can pump it to $100k or $1m or whatever they want.

But if they contribute to the unwind of a fraud of this scale, they will go down as heroes.

[hackingforfun]

If people aren't buying as much Bitcoin at $100k+ (I assume you are referring to Bitcoin), then what will cause it to go to $1m? I don't think they can have a guaranteed pump like you are saying.

[JumpCrisscross]

If a fraudulent Fed is fabricating Tethers, and some people are buying it, the price is a ruinous fiction to a short. For shorts, delusions matter in a way that they don’t for ride-it-out longs.