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If you
- buy 1 btc @ $57K
- sell 1 Mar2022 $80K call option @ $13K
- buy 1 Mar2022 $60K put option @ $13K
.. then your guaranteed return (apart from exchange risk) will be between 5%-40%. 5% when btc <$60K and 40% when btc >$80K Mar2022. No wonder Buffett & Munger hate #bitcoin
💥Another must listen interview! Adam and Preston on all my favorite bitcoin topics: SHA256 proof of work, halvings, mining, investing in mining, the new Blockstream Mining Note (BSN), derivatives, leverage, futures cash & carry trade etc. This talk triggered 3 new ideas for me!
Must listen! Greg knows his stuff. Great insights from an institutional investor in easy to understand language. Bitcoin as a risk management tool, as insurance against sovereign debt defaults. $1T upfront premium to insure $300T global sovereign debt. Reading Greg's paper now.
Each #Bitcoin Bull Cycle has had 3 distinctive peaks of supply held by short-term holders. (as a % of total supply)
We're still cooling off after just the first major peak.
Cancelled my sailing holiday to Turkey. If this is how Turkey government treats property rights and steals from its own citizens, I can only imagine how Turkey government treats tourists (especially tourists that own BTC! airport checks etc). Brains and capital will leave Turkey.
Interesting chart of the week.
BTC capitalisation vs USD M1 Money Supply.
Neckline breakout pattern. #Bullish to explore new all-time-highs.
(credit to Volt Age for the idea)
#Bitcoin 200 week moving average and on-chain realized metric (weighted average cost of all 18.7M bitcoins) both show a bull market that is far from over.