He emphasized that this could lead to an explosive recursive effect on Bitcoin’s price due to unique volatility characteristics and the “volatility smile.” If there were one thing to read today re the game-changing nature of Bitcoin ETF options, read (and bookmark) this one for 2025 – it’s going to be wild.pic.twitter.com/On2DmUsbHX — Jeff Park (@dgt10011) September 20, 2024 #4 Surge In Spot Market And Bitcoin ETFs The latest rally has also been driven by significant activity in the spot market.
These options were almost certainly part of the move to the new Bitcoin all-time highs today.” Related Reading: US Bitcoin Reserve Will Push Price Above $1 Million, Expert Predicts Jeff Park, Head of Alpha Strategies at Bitwise Invest, recently highlighted the game-changing nature of Bitcoin ETF options: With the approval by the SEC to list and trade Bitcoin ETF options, we are on the verge of witnessing the most extraordinary upside ‘vol’ of ‘vol’ in financial history.
It remains to be seen whether Trump will follow through on his promises, potentially moving over 208,000 BTC confiscated by law enforcement into the reserve or even adopting Senator Cynthia Lummis’ Bitcoin Act proposal to purchase 1 million BTC over five years.#2 Potential Appointment Of A ‘Crypto Czar’ A leak on Wednesday suggests that President-elect Trump’s team is in discussions about creating a new White House position dedicated solely to Bitcoin and crypto policy.
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