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Don't futures completely solve the "Bitcoin price is volatile" problem for large actors? Short Bitcoin futures to lock in your current rate; or buy some puts &
by MichaelBurge 6y ago
Don't futures completely solve the "Bitcoin price is volatile" problem for large actors?
Short Bitcoin futures to lock in your current rate; or buy some puts & sell calls to constrain it to a range without spending anything extra.
And your counterparty is CME rather than some fly-by-night cryptocurrency exchange.
Doesn't help with buying a pizza(a single futures contract is 5 bitcoin, or $150k at current rate), but that seems solvable.