There is also the anti fragile approach to Bitcoin: try to profit from its collapse.

e.g. buying put options on MSTR ($30 strike, 2027 expiry).

Rational: When the current flows into bitcoin dry up and the only reason people are buying (it’s going up, buy it) goes into reverse (it’s going down, sell it all),

You will make 7.5x when MSTR files for bankruptcy. You may not even have to wait until 2027 once the Trump sugar rush fades, as it becomes apparent he can’t get any of his more radical ideas through both houses of congress within the two year window.

I am buying a small amount of such puts once a month for the next year. Just for fun.

Features of MSTR:
3 times book!
Book is Bitcoin!
The average price of their bitcoin continues to increase with each wave of buying.
When bitcoin falls, they have to sell Bitcoin to pay back the convertible bonds in USD.
When the wheels eventually come off, the unraveling will be extremely fast.