I've been thinking along similar lines in a way...

There's an investment strategy that allows risky bets to be made for "free" not counting inflation and sovereign default risk. For example, if you have $1M, buy $1M face value in Treasuries. Use the remaining money to make your risky bet (like buying bitcoins). If the bet loses money, you get the nominal amount of money back in interest.

In a liquid Bitcoin options or futures market, you may be able to do the same thing synthetically. Hedge the dollar value of your bitcoins, plus interest, in Treasury options/futures and leave the part paid by interest unhedged for potential upside. You may have more counterparty risk at this stage of maturity in the Bitcoin derivatives markets.

This topic might get better answers in the Economics section of the forum.