> No, it actually is a ludicrous bet. No rational investor would ever make this investment. Do the math: Given the extreme volatility (https://www.bitmex.com/

> No, it actually is a ludicrous bet. No rational investor would ever make this investment. Do the math: Given the extreme volatility (https://www.bitmex.com/app/index/.BVOL https://www.bitmex.com/app/index/.BVOL) of Bitcoin that price is not unreasonable for that call per conventional means of valuing options. And every party that is long bitcoin and who isn't selling that position is implicitly taking that position as well: in the sense that, at least in theory, they could also sell those calls but have not (yet). Or perhaps your argument was that no rational investor would own Bitcoin at all? :)