@aghunter - The fact that we still can't trade in puts or calls for cryptocurrencies (options trading isn't available for cryptos yet), does make his statement quite hypothetical.

But as somebody who is invested in crypto for the long term, I do believe there is a good reason for his statemnt... the crypto market is growing at such a monumental rate that it will encounter a major speed breaker and a bear marke before long - and certainly within the next five yeears and will have a major pullback.... so yeah even if I had to option to buy a 5 year Put on cryptos (and the capital), I would.