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Implied Volatility and Debt Hurting Crypto Says Don Kaufman on CoinDesk TV

TheoTrade co-founder Don Kaufman appeared on CoinDesk TV to discuss the headwinds facing crypto. Implied volatility has fallen quite considerably, said Don, and there’s been a bit of decoupling between Bitcoin and the NASDAQ, a situation he expects to reverse in the near future.

Another concern is the huge “cost of carry” built into Bitcoin, meaning the debt load of crypto companies, especially the miners, in a rising interest rate environment. Don reiterated that despite this mini rally he expects Bitcoin to drop further, possibly into the teens, to achieve capitulation.

See the full segment here.

Don Kaufman

Don Kaufman is options trader and educator. Former CBOE market maker, former Chief Derivatives Instructor at thinkorswim, and former Director of the Trader Group at TD Ameritrade. In 2015 he co-founded TheoTrade to teach traders how volatility, probability, and risk really work.

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