Financial hack: 100x Margin Trading DAI vs. Tether next week?

I know this isn’t exactly WallStreetBets on HN but it is hack and crypto related so I wanted to run this strategy by yall. Just don’t call me DeepValue.

I rarely share investment advice unless I am 95% sure of a strategy's EV, and in this case I would like to get your input.

It APPEARS here there is almost no risk of a serious downside, and a chance for a huge upside.

But it requires doing a bit of research to find the best exchange to trade USDT via DAI with 100x leverage, like HitBTC maybe.

The Backstory

So basically, the one big landmine that's unexploded in the crypto space is Tether. Tether represents the on- and off-ramp for crypto around the world outside the USA. In the USA, it's not used due to regulations. Outside, it's used for something like 80% of the volume!

You know the joke "if I had a dollar for every..." well, Tether likely doesn't! And the chance that Tether Inc. and its trustees have a dollar in a Bahamas bank to back every Tether issued is very small, considering ALL BANKS IN THE BAHAMAS COMBINED do not have as much as the amount of Tether out there.

Here is someone else's analysis with actual data and graphs... https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

His conclusion was to exit the crypto market into dollars. I have a different suggestion:

The play:

Find one or more exchanges where you can trade DAI vs USDT on high leverage. Then 100x leverage margin long DAI vs USDT. If somehow everything is fine, you don't lose much, just keep covering your margin. Tether ain't gonna go above $1 very much and DAI isn't gonna fall. But IF THE NEW YORK ATTORNEY GENERAL IS GOOD AT THEIR JOB, they're going to find something and send Tether dropping. For every cent it drops you can make $1.00

So this is almost riskless. And what else has such good odds of going up next week? Cardano? NOTHING. Nothing can be guaranteed to go up but not down. Except this.