Oh yeah? Short this!Of course, the underlying assumption is that the demand for such a coin as the, um, Sumo would draw so much BTS out of circulation that its percentage gain would zoom far beyond the Sumo.
At first glance it doesn't look like you would want to short something like this, but remember, a whale would be shorting the Sumo
against a zooming BTS, not the CPI or anything else.
This plot is just pegging the Sumo above the dollar. If it were pegged to a basket, presumably the wiggles would be smoothed out and pegging to the strongest currency at any point in time would maybe eliminate all dips.
But, we just need something simple to explain that is better than what most people have, so I'm thinking sticking with the above definition is a good compromise.
Your actual mileage may vary.