> What's wrong with hedging?

To be (an actual) hedge, something needs to be very solidly understood (by the purchaser), a very solid investment in its own right, and either reverse correlated or independently correlated specifically with a particular asset being hedged.

And not based on analysis of one "hedging" scenario, because both are going to be owned over a huge distribution of scenarios.

Probably the worst indicator of an investment being credible, is a promoter who has to stoop to the floor to ask "What's wrong with hedging?", as if that manipulative bon mot was ever in question, or was the relevant question.

If a motivated promoter can only make a very bad case, believe them.

And, if an "expert" attempts to get respect for their work from non-experts, instead of from other experts, there is something very wrong. Because the former makes no sense.

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If you don't know how to get respect from experts, study more, and figure out how to trash what you have. Counterintuitive. But if you have anything original right, thats how to find it. Identify it. Purify it. And be in a better position to build again, with just a little more leverage, and repeat. Or communicate it clearly to someone qualified to judge it.

You won't have to persuade anyone.

If you have to persuade someone, either you don't have something, or you don't understand what you have well enough to properly identify and communicate it.

You have ambition. You have motivation. You have interest. You follow through and build. That is it. Don't stop. Ego derails ambition. Kill your darlings. Keep going.