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.
On CNBC's "Fast Money Halftime Report", Jeff Gundlach of DoubleLine Capital said it is now possible to buy the December puts in the S&P 500 for the price that allows you to break even or make a lot of money — if the index drops by only 3 percent. He added that the March puts in the S&P 500 are also very attractive because the implied volatility is very low.
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Gundlach said hedge funds are currently shorting the VIX, because the carry is very attractive as long as the volatility doesn't spike very much. He believes that the market is going to drop at least 3 percent between now and December, and if that happens, Gundlach thinks that the VIX is easily going to be at 20.
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.