Hedging Your Hodl
9 min readAug 28, 2019
A Primer for Managing Assets on The Bitcoin Standard
In June 2019 I wrote a brief essay outlining the fundamental significance of contango for commercial bitcoin interests. The fourfold rise in Bitcoin price along with substantial futures premium to the spot market created a fundamental situation allowing commercial interests (primarily miners) to hedge a portion of their production six months out into the future, locking in a…
