When You Are Short Credit, You Are Long Volatility

Greg Foss: I don't quite understand how bit coin is long vall and and just that kind of a concept. Greg foss: Well, i wrote a forty page paper on it, so it's hard to do in a a in one or two sentences. When you are short credit, you are long volatility. And if you think like i do, that bitcoin is actually default protection on a basket of currencies. If the treasury yields are not increasing in lock step, which historically they do ot, until just recently, the credit spread,. as measured between the yield on the high heel bond and theield on the treasury, that spread is increasing. So once again, when you are short

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