“So on the extreme ends of market volatility, you might make a little bit of money, but you'll be absolutely destroyed in BTC terms if you see extreme volatility.” Blackrock’s forthcoming bitcoin income ETF plays the IBIT options market to generate yield, making it ideal for someone wanting income-generating exposure but terrible for anyone focused on accumulating bitcoin. "So then that obviously raises the question, who is this for then? And the obvious answer is: it's for boomers. It's boomer fi."
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