They are directionally neutral, just shorting to capture the MSTR premium. Doesnβt matter if Bitcoin rips or dumps
Donβt run naked.
Especially with scissors. βοΈ
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Explain what you think the worst case scenario is
Thatβs why I asked. I donβt know. Iβm not a trader.
The worst case scenario is the micro strategy. Premium keeps going up, which allows Michael Saylor to buy more bitcoin, which makes the premium and aum continue to go up.