Re:MicroStrategy's Bitcoin Debt Bet
by amanaplanacanal on Sunday December 13, 2020 @12:12PM
(#25408072)
I don't know what markets exist for bitcoin, as I'm not that interested, but for other assets there are shorting, transaction fees, arbitrage, and a whole batch of derivatives.
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| on HN ]
These things exist for Bitcoin though many of them are a bit immature for obvious reasons.
LedgerX, for example, is a US based physically delivered options clearing house for Bitcoin that supports both retail and institutional customers. I've been a customer since 2017 and so far I'm pretty happy with them.
(They do futures too, but right now their futures aren't particularly interesting).
Re:MicroStrategy's Bitcoin Debt Bet
by jerrymiller on Tuesday December 15, 2020 @09:19AM
(#25430503)
May I ask how you trade options? I've bought a bunch of call options with $25k strike for 12/2021, and I think it will pay out handsomely ($38k is my break-even point, accounting for the opportunity cost of just straight-buying the bare BTC). What's your strategy?
BTW: fan of your work, Greg.