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Coinbase CEO Says 400K Bitcoin. What Do the Options Say

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ticker lesson

Breakdown

0:00BTC· ticker

Bitcoin — 400k by 2030, 80k today

  • Bitcoin hits 400k by 2030
  • Today at 80k
  • 5-year average 53.5%
  • Actual gains 25%
  • 2022 down 64%
2:07IBIT· ticker

IBIT — 226 price for 400k BTC

  • IBIT price at 226 for 400k BTC
  • IBIT liquid options market
  • 1 share = 0.00005 BTC
  • 225k BTC = 140 strike
  • 500 days to 140 strike
4:15IBIT· ticker

IBIT — 140 strike at 500 days

  • 140 strike at 500 days
  • 2% in-the-money probability
  • 5% touch probability
  • 20k open interest at 100 strike
  • 32.5k open interest at 140 strike
6:22lesson

IBIT as probability tool

  • IBIT for Bitcoin price analysis
  • Use liquid options for probability
  • High open interest at 140 strike
  • Market speculation evident
  • IBIT is cleanest way to analyze

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