Richard Byworth: Bitcoin’s Next Run “Just a Mater of Time” thanks to Seller Exhaustion
Photo: Bitcoin Magazine
Can you earn yield on Bitcoin safely? Richard Byworth warns against covered calls in rallies, making the case for basis trades for market-neutral yield. How do you earn yield on Bitcoin without risking your stack? Richard Byworth, who spent his career structuring for hedge funds, explains why Bitcoin is the hurdle rate for everyone, and why covered-call overwriting can cost you a significant portion of your Bitcoin in a rally. He walks through how basis trades collateralized by Bitcoin can deliver low-volatility, market-neutral returns.
Source: Bitcoin Magazine
