Spot for long-term, leverage for agility. No funding fees on spot. Add leverage at inflection points, avoid full portfolio.

Spot is for longer term trades, right? Per leverage is for being more li nimble, right? With spot there is no funding or fees, liquidation risks, none of that stuff, right? Whereas with per there is so if you believe Bitcoin is going on a two to threeyear bull run for your point to your point, do you really want to hold a spot long for two years and pay that much funding? I don't think so. If you're fully spot allocated, would you consider getting 1.5x or 2x levered on it for a while? I wouldn't say maybe your whole portfolio, but absolutely at inflection points, you can look to add to your spot allocation with lowlevered longs. Yes, just be careful. There are risks with leverage always.