Good move by FTX, with a conservative 20x leverage your portfolio will be protected unless there is a blowout move of at least 5% in BTC, an occurrence which happens only once every two days.https://twitter.com/SBF_FTX/status/1419263712225988620 …
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Based on my backtested (simulated/assumed) low correlations with equities, bonds and commodities, my risk parity optimiser says 20x is the right number
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