Why a 51% Bitcoin Attack Is Now Profitable

Duke Professor Campbell Harvey explains why a 51% Bitcoin attack has become profitable and feasible today Taking over the network never made sense before. You'd spend billions on mining equipment only to watch Bitcoin collapse to zero, so the only rationale was a hostile state wanting chaos. The difference now is the derivatives markets. Short Bitcoin offshore while you run the attack, and a collapse to zero becomes your ideal outcome. He notes gold carries no equivalent risk. #Bitcoin #BTC #Crypto #Security #Macro