/biz/ - Business & Finance

I just realized we can trade options with crypto now , this going to be nutty

>>57255935
So you are saying that they will lose money even quicker?

>>57255935
Spluh. Gotta play to win though.

>>57255935
Yes, this is what boomers want. The excitement and almost certain loss of leveraged trades. kek
They want to not lose their wealth period
And they want to do so with as little worry or effort as possible

>>57255935

Does it? I honestly haven't payed any attention to what's going on with the ETF, other than that Jim Bianco hates it.

>>57255935
I'm buying the fattest HODL and BRR puts (yes, these are btc etf tickers)
u guys have no idea

>>57255935
How tho? If they buy a share of IBIT how can they use that to trade BTC? Do they get a representative quantity of BTC?

>>57255935
This means boomers will now allocate 2-2.5% of their portfolios to Bitcoin. That's the extent of it. You'll also get some gen X putting around 3-5% of their 401k into it.

Most of these have already purchased Bitcoin, ETH, and maybe a few grand in an odd shitcoin their disappointing son or grandson recommended. Don't expect stories of boomers going bankrupt over this, but you can certainly expect huge amounts of liquidity to flow in given the numbers.

The main thing is not retail though, it's institutions. A lot of companies are not able to expose themselves to financial products which are not ETP. They must be listed and approved. This now enables CFO's of businesses in the western world to start looking at creating small levels of exposure to BTC and crypto in general within their asset holdings.

BTC pumps 2x from ETF listing price within 7-14 weeks and then meganukes

>>57256015
>This means boomers will now allocate 2-2.5% of their portfolios to Bitcoin
yes, 2-2.5% for Bitcoin puts

>>57256058
Nobody is using their pension fund to trade options. Same goes for businesses looking for exposure. They'd wait and purchase at a price they want to come in at.

Trading houses that speculate on market movement will do this, but I agree that there are many which previously had no access to do this as they were mandated to only trade ETPs. Are some of them stupid enough to risk this given what happened with 'memestocks', honestly probably yes.

>>57255935
It also allows institutions to naked short it and trade levered up obligations that aren't even BTC and fail to deliver on obligations when they get caught.

>>57255935
>Boomers short BTC
>Get BTFO
>Gov bails them out

>>57256289
kek

BIDEN BAILS OUT THE BITCOIN SHORTERS TO PROTECT THE BANKING SYSTEM

as satoshi intended