Shorting #BTC? In 2007 & 2020, volatility was low (in spite of signs of Covid); easy to make a bundle when options are low or, conversely, risk premia (yield differentials) are tiny. But #BTC has ~100% vol & MicroTragedy's puts trade @ >200%. A Crash is priced in! But tricks.
— Nassim Nicholas Taleb (@nntaleb) Jul 6, 2021
via Twitter https://twitter.com/nntaleb
July 06, 2021 at 04:03PM
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