Cryptocurrency News

Afraid to buy the dip? Bitcoin options provide a safer way to ‘go long’ from $38K

The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption.

In theory, the 8.5% inflation in the United States means that every five years, the prices increase by 50%. This essentially turns $100 into $66 by slashing 33% of the dollar’s purchasing power.Bitcoin options Iron condor skewed strategy returns. Source: Deribit Position Builder

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