Oh you thought $SBET would be up and to the right forever?
It will be a drunken walk like anything in crypto.
On the brightside there's a few things starting to work in favor of becoming more attractive to the convertible debt markets.
- The options chain seems to be lively and getting more robust
- $ETH has more historical volatility than $BTC which means $SBET will continue to have massive swings (good for convertible market)
It will be interesting to see when @SharpLinkGaming is big enough to tap these markets vs ATM.
Also, keen to see their strategy on when and how they use each lever. Will they develop their own preferred equity products like Strategy?
Will there be some sort of DeFi products that emerge that we haven't even thought of yet?
Exciting times.
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