Being right about Bitcoin won’t save your 3x leveraged ETF position

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 10 Oct, 17:00 UTC

Bitcoin's next recovery could vindicate your investment thesis but leave your leveraged fund deep in the red, because the fund's daily reset can make waiting a pretty expensive habit. Getting Bitcoin right and actually making money on Bitcoin are becoming two different skills, especially now that…