I also misspoke about the Black Swan event.
If Bitcoin tanks the shorts become profitable.
Only when Bitcoin spikes UP too quickly is it possible that the collateralized USD positions wouldn't be liquidated fast enough to get the BTC back. I feel like that makes the situation all the more interesting, because obviously if BTC spikes up too fast people like Saylor win big regardless.
RE: Michael Short: Retail Banking 2.0 & DEFI Magic Tech (Magitek)