Options markets are suggesting that Bitcoin will hit $50,000 by January.
This also happens to be the same month that Bitcoin ETF approvals are expected.
Open interest for Bitcoin $50,000 strike calls is massive, as displayed below.
A move to $50,000 would put
#Bitcoin up more than 200% from its low.
Options are suggesting the run is only just beginning.
Can Bitcoin continue to thrive after ETF approvals?