My friend is about to put his life saving in BITWISE IMST
WTF????
WHAT SHOULD I TELL HIM?
All I'm saying is good luck wish you the best.
Discussion
My bad bro I got rugged but yeah you got the right idea
All you can do
Overall I would say most levered vehicles exist to benefit the wealthy and they're happy to expose retail to their little tricks but they're masters of creating bag holders. So what you said about the crypto phase it's 1:1 they are building liquidity so they can exit other bags. Like short hedge funds they are vampires. Wolves in sheep's clothing.
Nothing wrong with taking any good opportunity but Wall Street has people programmed into believing that they can just park their money in any old spot and it will grow, in reality billionaires manage their wealth and actively pursue profits over everything.
Be smarter than your investment vehicle of choice is my best advice
People said buy MSTY if you need cash now, that means Bitwise and other levered options are only a play on this side of the market. When things go south it's like you said they will take the loss and pay divs but that 3% is chump change when Bitcoin puts out 10% every other week. People will be dumping that shit when the time comes and making money over retail investors' heads
Well see man the bullish case is all these stocks become like alt coins this cycle and you get btc mooning to 1 million a coin.
Yeah so do they beat the underlying asset?
I guess the answer is possibly they will 100x instead of just 10x so yes?
And they pay you 3%? 🤣🤣🤣
Just learn they game it ain't as hard as figuring out how to build generational wealth on 3%/mo unless you working with 7 figures already