If we get option contracts on the #Bitcoin ETFs, I might be tempted to short the ETFs indefinitely in hopes for dips like this last one, in order to have extra powder to stack the dip with.

#Bitcoin’s already inherent volatility will likely be one of the main counter arguments against allowing options on the ETFs, but my previous statement stands.

I don’t plan on exercising any of the options, but having the ability to hedge my spot position with naked puts will be useful.

Bear markets would be even more fun.

It’s likely that tradfi will take a novelty approach to #Bitcoin, but they will change the game with their entry, therefore strategies could be optimized with adjustments and new financial instruments.

So far I have made 1 adjustment to my already simplistic approach to #Bitcoin in reaction to tradfi’s entry: STACK EVEN HARDER.

I don’t plan on paying options too much attention before they are allowed, but I will gain satisfaction when/if we get them, could be sometime this year.