1. Shorting practicalities for Tether not clear. 2. Need confidence 3rd party will pay out. 3. Market can stay irrational longer than I can stay solvent. 4. Especially high risks when dealing with an entity which for the moment can print money to manipulate markets.

In short, I’m confident it will fail and fairly spectacularly but I don’t know when and I’m also not sure how to go about shorting it.