How to protect your #Bitcoin profits WITHOUT ever selling your #Bitcoin

1. Buy #Bitcoin @ say $73,000.

2. Let it appreciate to say $300,000.

3. Buy Puts on IBIT (when launched) at $300,000 with following math:

Profit: $227,000.

10% of profits allocated to Puts: $22,700.

4. Scenario 1 - Bitcoin collapses down to 200W moving average - say $80,000. Watch the $22,700 in Puts ride up to $150,000 - $200,000 in profit. SELL the Puts and collect the cash.

Scenario 2 - #Bitcoin hits S Curve and America announces Strategic National Reserve buying 1 Million Bitcoin and Bitcoin goes vertical to say $1m and stabilizes.

You lose $22,700 in the Puts you bought.

But your #Bitcoin is now worth $930,000.

You're hedged both ways.

AND YOU NEVER EVER NEED TO SELL YOUR BITCOIN.

And it works in both ways if you hold ETFs or Cold Storage.

You can always just buy Puts in a brokerage account while having the Bitcoin in your cold storage