Another new ATH for Bitcoin this week is coded | CryptoKaleo on Binance Square

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Another new ATH for Bitcoin this week is coded

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Have a degen options experiment I want to run: Put $20K and picked up a bunch of OTM $RIOT calls, mostly for January but with a few September ones mixed in. If Bitcoin does what I think it will through the end of the year, I’m betting we see another major squeeze in miners. The last major moves for RIOT aligned with BTC entering into price discovery above the previous cycles ATHs (similar to where we are now). When it moves - it moves fast. I’m considering adding and possibly doubling my position if we get another week or two of RIOT trading within the current price channel. Could easily see it pulling a 10x+ in a world where BTC is trading in the hundreds of thousands range (current mcap is only $3.8B). I’ll keep y’all posted on this throughout the year. Wish me luck.

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InfoFi is still early. Why? Because up to this point, all products out there are competing for the same user base. Despite Bitcoin being at new all time highs, we've yet to see an explosion of new participants dive into crypto twitter. It's slowly growing, but when the alt trenches really heat up - we'll get a massive amount of new users that flood into the ecosystem. This means a massive amount of new users who are looking for ways that they can capitalize their social networth. More users might mean more competition, but it's also guaranteed to introduce more opportunity.

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One important note on FTX claims: If you haven't completed your KYC for some reason by June 1st, you WILL FORFEIT ANY ASSETS THEY OWE YOU. So for those of you who are procrastinators, GET IT DONE NOW.

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$ARENA is a no brainer here. One of the best / most complete SoFi dapps out there. Clean breakout / retest. Send it higher.

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ONE HUNDRED AND TEN THOUSAND UNITED STATES DOLLARS FOR ONE BITCOIN

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