Bitcoin Portfolio Insurance: Introductions, Basics And Bond Math Today

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Editor’s note: This article is the first in a three-part series. Plain text represents the writing of Greg Foss, while italicized copy represents the writing of Jason Sansone.

In February 2021, I published the first version of this article (find an executive summary here). While it received some very positive feedback, it also received lots of questions, particularly with respect to how bonds are priced. Accordingly, I wanted to update the research to include the most recent market data, as well as to clear up some of the more difficult concepts. I forget that math can be imposing for most people, yet since bonds and credit instruments are fiat contracts, bonds and credit instruments are pure math.