Obviously he’d get his $1M back, why wouldn’t he? I never said he wouldn’t…
He is selling a BTC put that expires in 90 days and is worth $800-900k for $26k, that’s all I said.
Balaji is betting the hyperinflation makes the BTC worth more than $1M hyper inflated US dollars. If hyperinflation happens, the BTC/USD pair will go up in dollar value.
He is selling a BTC put that expires in 90 days and is worth $800-900k for $26k, that’s all I said.
Balaji is betting the hyperinflation makes the BTC worth more than $1M hyper inflated US dollars. If hyperinflation happens, the BTC/USD pair will go up in dollar value.