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Wall Street’s Crypto Flip-Flop: Bitcoin Options Market Hits Record Highs as Institutions Finally Catch On
Wall Street’s Crypto Flip-Flop: Bitcoin Options Market Hits Record Highs as Institutions Finally Catch On
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Deribit’s BTC options volume just smashed records—turns out the ’smart money’ needed five years and a 10x price rally to realize Bitcoin might be here to stay.
Institutional FOMO reaches critical mass: Open interest in BTC derivatives now rivals small countries’ GDPs. But don’t worry—the same banks calling it a ’fraud’ in 2020 will probably launch ’blockchain-enabled digital asset exposure vehicles’ (read: Bitcoin ETFs with 2% fees) next quarter.
The real surprise? This time, the whales might actually be right. Macro turmoil and inflation hedges are making crypto’s volatility look almost... respectable. Almost.
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