For downside market protection Bitcoin provides a perfect opportunity. Bitcoin is quite frankly a worthless speculation where just a few individuals own 90% of all Bitcoin. In fact, according to the latest distribution chart , 1.8% of Bitcoin wallet addresses own 93% of all Bitcoin mined to date.
This is a recipe for disaster. Should just one of these wallets begin dumping Bitcoin, it could send the “Tulip” tumbling down to zero. To prepare for this impending disaster, Buy LEAP Puts as far out as possible in a 1 to 1 Bitcoin ETF. LEAP Puts in Coinbase or Bitcoin Mining Stocks should serve the same purpose equally well.
When markets tumble, speculative investments are the first to collapse as genuine U.S cash becomes King. One cannot buy a loaf of bread with imaginary Tulip money such as Bitcoin. Bitcoin is a Casino Market Grand Delusion.