Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
How about are you short it?
With Bitcoin at least, the answer to that question is no one can be short it (yet) in size because A) it’s not a two-way market and B) you can’t get an institutionally sized borrow on the damn thing.
If this isn’t a bubble, the bulls should be encouraging regulators and capital markets to find ways that guys like me can consider shorting it. If this is “just getting started”, there should be nothing to be afraid of on that front.
That’s why DEC 18th is going to be such an exciting day for people like me who measure and map not only the PRICE of things but their realized and implied VOLATILITIES. That’s when Bitcoin is going to start trading on the CME (maybe on CBOE DEC 10th too).
