The "Long Bitcoin" trade from this past Weekend Update continues to work well in the current market environment. This morning Bitcoin, BITO and the two calls, one March and one June, recommended in that update are all up again. As mentioned in yesterday's afternoon update, so long as Bitcoin remains above $50K, it is not too tale to enter this trade as the risk:reward profile favors the reward side, looking for 5X-10X returns any to all of the options. Bitcoin BITO BITO Jun Expiration: Best New Money Calls Note: Monday the stock market is closed, but Bitcoin will be trading over the three-day weekend. That makes holding any Bitcoin related options especially risky if price moves against this position with no way to exit or hedge for three days.
