Jez says most people he knows who "made it" did it by holding spot "Here's one thing I think about anecdotally, looking at the profiles of people I hang out with that have really made it. There's selection bias here, but a lot of people have made it by buying spot and looking away for some period of time, whether it's a meme coin or a fundamental spot coin." "There are some people that have made it by buying leverage and looking away over time. There's almost nobody that's made it buying options or other derivatives. So when I do that, I'm like, okay, what's the quality of the product behind it? I think spot is obviously the best instrument, then you have leverage, then you have higher level derivatives. Options are the worst."