> then hold Bitcoin and open a derivative short essentially creating a synthetic USD
Huh that's a pretty interesting idea. I guess the downside is you need enough margin to cover the short.
> then hold Bitcoin and open a derivative short essentially creating a synthetic USD
Huh that's a pretty interesting idea. I guess the downside is you need enough margin to cover the short.
Theoretically, you are fully covered but full margin will require all your holdings to be on the exchange. So maybe do something like 20-25% margin and constantly follow the market to re-balance. It is not a carefree approach.