Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Joe Tigay of Equity Armor Investments spoke on Bloomberg Markets about Alibaba Group Holding Ltd (NYSE: BABA).
He explained that China is in the middle of the currency easing cycle, which could be a stimulus for the Chinese economy. He thinks the best way to make a bullish trade on China is with Alibaba shares. Tigay wants to buy the August 19 expiration, 85/90 call spread for $1.60.
The break even for the trade is at $86.60 or 2.58 percent higher from the current stock price. The maximal profit the trade can make is $3.40.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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