📞 Sales enablement pack • CMFDH II (Crypto Money Fund Dollar Hedge II)

Sales Script & FAQ — Paul “Juju” Aidoo

A clean, repeatable talk-track based on your 23 Dec 2025 call notes + AI roleplay packs. Built for short cold calls, warm intros, and skeptical allocators.

One-liner + positioning

Primary positioning

“CMFDH II helps investors strip out volatility from an extremely volatile asset to generate more of that asset.”

That’s Paul’s 30,000-ft summary from the call.

Hedge against USD depreciation Derivatives income Fully collateralized mindset
Mechanics in one sentence

“We buy Bitcoin and sell futures (contango/basis) and sell options (covered calls) to generate continuous income.”

Nick’s “literal” answer that he wanted Paul to repeat.

Contango: ~5–30% p.a. range observed Option selling: premiums paid often expire worthless
Minimum

$25,000

Minimum investment discussed on the call.

Fees

“2 and 20” + high watermark

Standard hedge fund fee structure + high watermark.

Updates

Quarterly

Plus “call anytime” availability.

Compliance note: This is a sales script, not investment advice. Do not promise returns. Use “historical performance,” “risk-managed,” and “capital preservation focus.” Never say “risk-free.”
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Discovery flow (ask-first)

Nick’s guidance was that great salespeople ask questions (eyes glaze over on monologues). Use this flow to qualify fast, then pitch only the part that matches their pain.

1) Context
“Quick context — what prompted your interest in crypto exposure right now? Is it: (a) growth, (b) income, (c) hedging USD risk, or (d) protecting prior Bitcoin gains?”
2) Current exposure
“Roughly what % of your liquid net worth is in BTC/crypto today? And what’s the worst drawdown you’re willing to tolerate without panic-selling?”
3) Outcome & constraints
“If this works, what does ‘success’ look like for you? Monthly income? Smoother equity curve? Preserving purchasing power? And what liquidity do you need?”
4) Right-fit check
“CMFDH II tends to fit investors who believe in Bitcoin long-term, but don’t want idle or purely speculative exposure. Is that you?”
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60-second pitch (phone-ready)

“Paul here — I work with Nicholas Levenstein & Company. CMFDH II is designed as a hedge against USD depreciation and crypto volatility. Instead of trying to guess Bitcoin’s direction, the fund aims to generate income from derivatives. In plain English: we buy Bitcoin and sell futures to capture contango/basis yield, and we sell options (covered calls) to create continuous premium income. The goal is capital preservation first — the number one rule is ‘don’t lose money’ — and to help investors lock in some of their Bitcoin gains without simply cashing out. Minimum is $25,000. Fees are standard ‘2 and 20’ with a high watermark. Updates are quarterly, and you can call anytime. If it’s useful, the best next step is a short call with Nick to walk through mechanics, risk controls, and whether it fits your portfolio.”
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5-minute deep dive (for serious interest)

Explain the “why” (macro + investor psychology)

“The dollar has lost significant purchasing power over time. In a world where fixed income often fails to keep up with inflation, people look for hedges. Bitcoin is volatile, but that volatility creates income opportunities in futures and options. The goal isn’t to ‘beat Bitcoin’ every quarter — it’s to preserve wealth and reduce the psychological stress of holding a volatile asset through drawdowns.”

Explain the “how” (two engines)

Engine 1 — Futures / contango
“We buy Bitcoin and sell futures. When futures trade at a premium (contango), that premium can be harvested over time. Nick has observed contango ranges roughly ~5–30% per annum depending on market conditions.”
Engine 2 — Options / covered calls
“We also buy Bitcoin and sell options. Options often expire worthless; being the seller means we collect premium. Nick’s shorthand: ‘Buying derivatives not so good; selling them good’ — because implied volatility is frequently higher than realized volatility in Bitcoin.”

Set expectations (risk + transparency)

“Hedging costs money; it’s normal to have quarters where the hedge reduces upside. But the intent is to come out ahead across cycles — and to reduce catastrophic downside.”
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Proof & credibility

Who is Nick?

Chicago native, ~8 years focused on crypto derivatives, speaks at international conferences.

Use: “the man behind the numbers” + “derivatives specialist.”

Legitimacy in crypto

Address the obvious: investors worry about scams and blow-ups.

Use “audited financials” + “you can research Nick” + “we don’t do opaque DeFi or rehypothecation.”

What to avoid saying
  • “Risk-free arbitrage” (say “risk-managed,” “fully collateralized mindset,” “operational risks exist”).
  • Guarantees about returns (“60%+ every year”).
  • Anything that sounds like a bank deposit or fixed yield product.
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Objection handling (battle-tested)

“Crypto is volatile — why should I trust this won’t blow up?”

“Totally fair. The whole reason CMFDH II exists is because Bitcoin is volatile — and volatility can be converted into income with disciplined derivatives risk management. We point to the track record over multiple quarters and we focus on capital preservation (‘don’t lose money’) as the core principle.”

“If this is so good, why isn’t it a $1B fund already?”

“Because capacity, risk control, and investor quality matter more than chasing AUM. Also: we’re improving sales, and the fund intentionally grew in stages rather than sacrificing process integrity.”

“60%+ returns sounds unrealistic. What’s the catch?”

“The ‘catch’ is active risk management and discipline. The returns are not a free lunch — they come from volatility premia in futures/option markets and require proper sizing, monitoring, and the willingness to sit out trades when conditions aren’t attractive.”

“This sounds like selling options and hoping nothing bad happens.”

“Selling options blindly is how funds die. The strategy adjusts strikes/tenor/exposure and actively shapes risk. We’re paid for process, not access.”

“What about exchange / counterparty risk? (FTX/Celsius PTSD)”

“That’s the most valid risk in the sector. We don’t lend coins out like Celsius-style models; the goal is to avoid rehypothecation and keep the structure transparent. Where possible, diversification across venues and exchange-cleared exposure can reduce single-point-of-failure risk.”

“Why shouldn’t I just do this myself?”

“Most people underestimate the operational complexity and discipline: monitoring, options expertise, position sizing, and knowing when not to trade. You’re hiring a professional process.”

“How liquid is my capital?”

“Markets are liquid 24/7, but fund withdrawals are typically handled on a quarterly cycle to avoid disadvantaging other investors. That’s the investor-fair way to do it.”

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FAQ (copy/paste answers)

What does CMFDH II do, at a high level?

“CMFDH II is a Bitcoin derivatives income strategy designed to reduce directional stress and generate income from volatility using futures and options.”

Is this basically a Bitcoin bet?

“Directional exposure is minimized — Bitcoin is the raw material, not the thesis — but we’re skewed positive because we believe in the underlying asset over the long run. The intent is to generate income whether BTC is up or down, and still participate when it appreciates.”

How does the fund generate returns?

“Two engines: (1) buy Bitcoin and sell futures to capture contango/basis yield; and (2) sell options (covered calls) to collect premium income. The goal is consistent income and volatility harvesting, not directional prediction.”

What’s the minimum investment?

$25,000.

What are the fees?

Standard hedge fund structure: 2% management and 20% performance, with a high watermark.

How often are investor updates?

Quarterly updates are standard, and investors can request calls any time they want an update.

What happens in a crypto crash?

“Crashes are exactly when a hedge matters. The strategy is designed to manage risk through volatility shifts and can often increase opportunity if handled correctly — unlike long-only exposure that can force liquidation.”

What makes this different from other ‘yield’ products?

“Discipline and structure: avoid rehypothecation, avoid opaque DeFi risk, and keep the strategy transparent and collateral-aware. Many crypto blow-ups came from hidden leverage and misuse of client deposits.”

What are the main risks?

Operational and execution risks: exchange/counterparty risk, poor margin management, or strategy drift. That’s why the process is documented, monitored, and built to be durable.

Who is this suitable for?

Bitcoin/crypto believers who want a hedge, family offices, allocators, and entrepreneurs who want to lock in some gains without going fully risk-off.

What’s the best next step?

“A short call with Nick to walk through mechanics, risk controls, and fit — and then reviewing the investor materials on levenstein.net.”

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Next steps + handoff

Clean handoff line
“This is one of those strategies that’s easiest to understand live. If you’re open to it, I’ll set up a quick call with Nicholas to walk through the mechanics, risk controls, and whether it fits your goals. What day/time works this week?”
What to send after the call
  • Investor deck / performance package (latest quarter)
  • One-paragraph “how it works” summary (this page’s one-liner)
  • Subscription link for quarterly updates (if applicable)
Reminder: Keep answers literal and calm. If you don’t know a detail, say: “I don’t want to guess—Nick can answer that precisely on a quick call.”
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