Since buying a Cybertruck I do get the question, "What do you do?" quite frequently. My answer is always the same, "I sell insurance." I have yet to ever receive a follow up question to that answer.
That's not even a lie, if you consider how deflational assets work.
You just blew my mind.
This week FTX customers should be getting USD credited to their bank accounts (6.5 Billion according to Grok) and Trump should have his 2.35 billion dollars from his fundraise to buy Bitcoin as early as Tuesday. That should stop the bleeding.
If all you care about is Bitcoin’s price going up, the next 30 days are among the most important I can recall.
Disclaimer: I hope it didn't seem like i was implying that all i would care about Bitcoin is the price going up. Sure, i enjoy it, among other aspects, but the price is one directly linked to Bitcoin's success. TBH, with the massive OTC allocations versus the ongoing shorting, it's no more directly linked?
But for the insurance part:
In this case you sell (parts of) your insurance to yourself, so one could also say that he is "trading with insurance products", which would be a little more like reality, without exposing any Bitcoin.
For some of us here, i guess it's even the majority, Bitcoin also acts as a kind of insurance.
EDIT: I'm dog tired and go to sleep now. I don't know if the above makes much sense at this point, btw. Maybe tomorrow?