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Bitcoin-at-$100,000 Forecasts Are Looking More Realistic in the Options Market

From bnnbloomberg.ca

After long being scoffed at as just more hype from crypto evangelists, Bitcoin-at-$100,000 predictions are beginning to look like a realistic possibility in the options market. The largest cryptocurrency jumped to another all-time high of more than $70,000 on Friday, capping a seven-week run of more than 70%. In the options market, the open interest, or the number of outstanding contracts, for call options with strike prices of $80,000 and $100,000 has jumped around 12% each in the last 24 hours, according to data compiled by Amberdata. “I think $80K by end of month is not crazy,” said Leo Mizuhara, founder and chief ... (full story)

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  • Category: Fundamental Analysis