$8 Billion Bitcoin Attack Could Become Profitable Through Derivatives, Duke Professor Says

Campbell Harvey, a Duke University finance professor, says an attack on Bitcoin that once looked economically self-defeating may now be financially viable because deep derivatives markets could let an attacker profit from the resulting price collapse. Harvey outlined the argument on Scott Melker’s “The Wolf of All Streets” podcast, describing a theoretical operation in which [...]

Campbell Harvey, a Duke University finance professor, says an attack on Bitcoin that once looked economically self-defeating may now be financially viable because deep derivatives markets could let an attacker profit from the resulting price collapse. Harvey outlined the argument on Scott Melker’s “The Wolf of All Streets” podcast, describing a theoretical operation in which [...]