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 said on Bloomberg Markets he wants to add SPDR Gold Trust (ETF) (NYSE:GLD) to his portfolio in case inflation increases.
Instead of buying equity, Tigay wants to sell the March 115 put in SPDR Gold Trust (ETF) for $0.76. If the stock trades below $115, he's going to have to buy it and he's going to start to lose money on the trade below $114.24. He added if he gets long the stock, he's immediately going to sell a call option against his long position to generate more income.
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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