It appears that futures players in Bitcoin are betting on the $100K and $300K options.
They are believing in the upside.
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It appears that futures players in Bitcoin are betting on the $100K and $300K options.
They are believing in the upside.
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Yea the trade has little downside if you think about it from an investors point of view. For every BTC you bet, you get back 19% of the BTC back. If it doesn't hit, unless BTC crashes down quite a bit, you won't lose out. It pretty much lets the safe investors gain an almost free ride and the speculators go crazy on calls.
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With the bullfight that we had in the last months it would not be crazy to think about it
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Well, it's not crazy to believe it will go up that much. In 2017 bitcoin went from $600 to $20K, that's about 2000% growth, and from $20K to $300K there's only about 1400%.
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The market cap before and after are different. I don't think retail will be able to push it further and it will definitely require participation from those financial giants. A few corporations like Apple or Google. It could also be a few banks planning to keep it on its asset list like Goldman or Blackrock.
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That is true. The percentages tell us it is certainly possible. However, as things get bigger, they are harder to get the same percentage return.
But the futures markets tend to be indications where the big players are going.
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You're right about that. I think everything anyway meshes perfectly for bitcoin to reach those 100-300K prices. I personally think it will min $100K by the end of the year.
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