$BTC Maxis like
@saylor, represent extreme conviction on two fronts: 1) that bitcoin will go up over the long term and 2) everything else will ultimately go to zero.
If you are a maxi, doesn't it therefore make sense that the ideal trade to be in is long bitcoin, and short everything else? Or at least short slices of the market you least believe in?
For example, if you'd hedged your
$BTC position with a short on an equal-weight Memecoin index, you'd be up ~40% over the past 365 days. This is compared to a long-only bitcoin position, where you'd be down 9%.
Best of all, because you're shorting an index, not an individual memecoin, you're not susceptible to the idosyncratic risk one or a handful of crazy memecoins have.
Not only would your crypto portfolio be profitable this year, you could put those profits into buying more bitcoin.
If you're a maxi - would you do this? If not, why not?