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That makes no sense. Lotto tickets have an expiration date. No value fluctuation over time. At expiry, they're worth X or zero. How is that like Bitcoin?
by heliodor 6y ago
That makes no sense.
Lotto tickets have an expiration date. No value fluctuation over time. At expiry, they're worth X or zero.
How is that like Bitcoin?
- mumblemumble 6y agoYou're maybe stretching the analogy way beyond what was intended. The intended analogy, I'm guessing, is that both lottery tickets and BTC seem to be uncorrelated with USD. A good hedge is something that is inversely correlated with the thing you're trying to hedge against.