You actually need derivatives for us to get big eye.

James Check specializes in studying the Bitcoin economy

and has made significant contributions to the field of on-chain analysis.

He accurately predicted this long stretch of consolidation

and has formulated new theories on how the introduction of more Bitcoin derivatives

will affect the market, many of which he will share today.

What are the options going to do as it pertains to price and more importantly volatility moving forward?

There is no question the volatility profile will evolve and change with options.

I think cycles, the idea of cycles is probably breaking down.

The four year may not be as clear cut as it used to be, so I'm certainly running on that assumption.

Which side of the market do you think blows up first, the loans and the shorts?

Well, you've had a dynamic where money's become freer than free.

If you talk about a Fed just gone nuts, all the central banks going nuts.

So it's all acting like safe haven.

I believe that in a world where central bankers are tripping over themselves to devalue their currency,

Bitcoin wins.

In the world of fiat currencies, Bitcoin is the victor.

I mean, that's part of the bull case for Bitcoin.

If you're not paying attention, you probably should be.

Was that a bull trap that we just saw last night?

Are we bull trapped right now, James?

I mean, if you look at the sentiment on Twitter, right?

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