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.