Part 11/15:
Larry added that Bitcoin functions as a long volatility asset, capable of massive upward moves if the market recognizes the failure of fiat currencies and bonds. The collective open interest in Bitcoin futures reaching all-time highs suggests institutional investors are increasingly hedging their equity risks with Bitcoin. This, Larry predicted, could lead to a gamma squeeze—a rapid, explosive rally in Bitcoin’s price—potentially soaring to hundreds of thousands of dollars per Bitcoin within years.