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David Bailey observes that trading in preferred securities (Prefs) can lead to second order effects and new opportunities resulting from market dislocation.
He also mentions that products like STRC and SATA become low volatility by enduring extreme conditions, highlighting the importance of gaining investor conviction through challenging periods.
Bailey has previously said he remains confident in bitcoin’s long-term prospects as math-based money, despite ongoing volatility that may persist for holders. He has also described NAKA shares as undervalued, citing both net asset value and recent CEO stock purchases which totaled $1 million in a single week. These earlier opinions provide context for Bailey’s latest observations on market dislocations and investor conviction.