People have often posted about borrowing USD to to buy BTC. Essentially, a speculative attack.
Regardless of the risky nature of this endeavor, the optimal way to do a speculative attack would be to borrow a currency that is losing its value faster than the USD. Accomplishing this in practice proves tricky, or at least borrowing directly in a crappy currency does not seem simple.
That said, it appears that one option for doing this is to go onto a “crypto” exchange and to buy a BTC/<crappy currency> pair, BTC/TRY for example. My understanding is that purchasing such a pair “buys” the first component (BTC) and sells the second component (TRY). This requires paying interest on the TRY of course.
I am curious why this is not a more talked about strategy. Are there risks and disadvantages that I am missing?
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