Welcome to the world of crypto and crypto trading. In this video, we’re going to take a look at the recent moves by FTX and BlockFi, and discuss whether it’s crazy or not.
FTX recently launched its “Short Bitcoin Fund” (SBF), which allows traders to go short on Bitcoin without having to actually own the coin. This has caused a stir in the crypto world, with some claiming that it’s a risky move and that it could destabilize the market.
At the same time, BlockFi has responded to FTX’s move by launching its own “Long Bitcoin Fund” (LBF). This is designed to provide traders with a way to go long on Bitcoin without having to actually own the coin.
So, is this crazy? Well, it depends on how you look at it. On one hand, it could be seen as a way to hedge against market volatility, but on the other hand, it could be seen as a way to destabilize the market.
At the end of the day, only time will tell if this move was a good idea or not. Until then, it’s important to keep an open mind and watch how the situation develops.
