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TL;DR
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You know those insufferable YouTube thumbnails where the host will be pulling a cartoonish shocked face?
(Á la, Edvard Munch’s ‘The Scream’ ☝️).
They annoy us as much as the next person — but if there were ever a time to use one, it’d be with this prediction…
“Bitcoin will be above $100,000 by September.”
That’s a bold statement.
Especially after Bitcoin spent this past Monday and Tuesday sliding from $65.5k, to $63k…
But that’s the bet Bitcoin options traders are currently making.
Basically, options = the option to buy an asset at a certain price in the future.
And right now, there’s a strange amount of interest in buying the option to purchase Bitcoin for anywhere between $75k and $100k in September.
Meaning — the BTC options market seems to think buying BTC for $75k-$100k in September will be a profitable trade.
Which seems unhinged…
But so did their bets from last year, which wagered we’d see a $70k+ BTC in March 2024 — and they nailed that one!
Here’s hoping they’re right again.
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This is the compassionate of scribble literary works I positively appreciate.
I’ll certainly carry back to read more.
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