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Buying Bitcoin without betting on a rally may not pay

CryptoSlate
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Buying Bitcoin without betting on a rally may not pay

Buying Bitcoin while hedging against a price drop can earn a return without a rally. But November 10 pricing offered about $119 per BTC before costs, less than the roughly $135 needed to finance the purchase for 17 days in an illustrative borrowing calculation. The strategy, known as cash-and-carry, pairs a Bitcoin purchase with a… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Key Takeaways

  1. Buying Bitcoin while hedging against a price drop can earn a return without a rally.
  2. But November 10 pricing offered about $119 per BTC before costs, less than the roughly $135 needed to finance the purchase for 17 days in an illustrative borrowing calculation.
  3. The strategy, known as cash-and-carry, pairs a Bitcoin purchase with a… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Read Full Article on CryptoSlate

Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.