Get "A Beginner's Guide To Bitcoin": https://www.amazon.com/gp/product/B08RX8Q4ZQ In this video, I discuss what would happen if all governments got together and shut down all cryptocurrency exchanges. You can shut down regulated exchanges, but it is much more difficult to stop people from using a scarce commodity like gold (or Bitcoin) as money. Hard money is always driving out soft money. Gold defeated wampum, and now gold is in the process of being demonetized by Bitcoin, which helps to explain gold's poor performance over the past decade. Like gold, Bitcoin is a bearer asset that is not just someone else's liability. When you exit a weak currency like the US dollar for a strong currency like Bitcoin, there is no reason to ever go back or "cash out." It's similar to the fiat situation where you exit the Venezuelan bolivar for US dollars, and never go back to the weaker currency. Bitcoin is censorship-resistant, scarce p2p money. At some point, you will be able earn in Bitcoin and spend in Bitcoin, thus eliminating any need to convert to or from fiat currencies. Bitcoin circular economies will arise, and provide competition to controlled CBDC (central bank digital currency) economies. Not investment advice! Consult a financial advisor. A history of wampum: https://en.wikipedia.org/wiki/Wampum US dollars are liabilities of the Federal Reserve: https://www.federalreserve.gov/monetarypolicy/bst_frliabilities.htm Check out my online trading courses: https://www.trader.university/join Use this secret coupon code to get a discount: YT99 Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market": https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #Cryptocurrency Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. ... https://www.youtube.com/watch?v=se3QhK0A4q0

In this video, I discuss how to sell covered calls and cash-secured puts on Bitcoin using LedgerX. In order to sell a covered call on Bitcoin, you must first purchase the Bitcoin or transfer your Bitcoin to LedgerX. Then you sell ("sell to open") a call that is at the money, or slightly out of the money, against your Bitcoin. LedgerX currently uses Bitcoin mini contracts, where 100 contracts= 1 BTC. So if you have 1 BTC at LedgerX, you will want to sell 100 calls against it. If Bitcoin is above the strike price of those calls at expiration, the Bitcoin will be sold for you at that strike price, though you will still get to keep the original premium that you collected when selling the calls. If Bitcoin is below the strike price of those calls at expiration, those calls will expire worthless, and you will keep you Bitcoin as well as the premium that you collected. To sell a cash-secured put, you sell a put (or puts) at a strike price that is just below where Bitcoin is currently trading. You get paid a premium for this, though you must remember to have enough cash in your account to buy the Bitcoin at that strike price if the puts are in the money at expiration, and the Bitcoin is "put" to you. Selling covered calls and cash-secured puts on Bitcoin allows one to make a substantial return on one's investment, because implied volatility is so high for Bitcoin. That being said, I still prefer to hold unencumbered Bitcoin, because I believe it is going to $100,000 and beyond. Not investment advice! Consult a financial adviser. The LedgerX exchange: https://www.ledgerx.com/ Bitcoin puts and calls: https://www.ledgerx.com/products Selling call options on LedgerX: https://support.ledgerx.com/hc/en-us/articles/360044866953-Sell-Call-Options Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market": https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5 If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here: https://www.trader.university/join Use this secret coupon code to get a discount: YT99 #Bitcoin #CoveredCalls Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are n ... https://www.youtube.com/watch?v=NpZopQc1SK4