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