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Macro Hang #5 w/ Jeff Booth, Preston Pysh & Greg Foss
Bitcoin Rapid-Fire
Bitcoin: A Long Volatility Asset
Bitcoin is a long volatility asset, which means it's actually an asset that should go up in value when volatility is increasing. People are paying for option value they're buying put options so the VIX is going up. And if you're in a long volatility Asset, like I think Bitcoin is, it should be going up in value. It's not going to happen overnight, John, but it takes a long time to teach the old Wall Street dog new tricks.
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