Interesting thoughts, I like the miner analysis, esp. since a lot of these companies have moved from OTC to NQ listed recently. I keep a watchlist just to observe how they react to BTC pricing, and pondering some of your thesis it's got me revisiting the thought that miners might be a great target for a "short the VIX" style strategy. There's also the new "BITO" ETF which is most certainly being used by some big brain quants to build some asset basket that nets them a near zero-risk long-term win. Wish I had more financial brainpower to put to it.