BTC will be $_______ by the end of September

TL;DR

• Right now there’s heightened BTC options interest predicting Bitcoin will be anywhere between $75k and $100k by September. 

Full Story

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.