Imagine your retirement account is already up x2 because of the BTC ETF in a short period of time. Of course you're going to buy a put option to keep that wealth secured.
Well, not ETF’s per se, but two of my retirement accounts are already up by more than x2 because of GBTC and BITX, and I’ve yet to buy a put option. 😄
Once Blackrock and Fidelity users get 10x unrealized gains on Bitcoin and they can't sell without incurring a huge tax event…
The beauty of those retirement accounts is that they can sell without an immediate tax event. And, if they’re Roth accounts, no tax event at all.
Yeah I actually had that part in when I initially wrote the post but deleted it.
Mentioned it in previous posts as well.
Took it out because I still think these rugpulls are going to happen.
And there may or may not be a cheaper place to go.