
Trade 2. Double the Upside: A Binary Play on BTC and Gold's Bullish Trend
Justin Chuk
4/16/20241 min read
Trade 2. With both BTC and GOLD hitting new all-time highs recently amidst rate cut expectations and heightened geopolitical risks, there's a compelling opportunity for investors to explore a Dual Binary Option.
How It Works?
• Current Prices: BTC at 66,000 USD and GOLD at 2,300 USD.
• Premium: Investor pays 125,000 USD upfront.
• Duration: 3 months.
Scenario Outcomes:
• If, at the end of 3 months, BTC >= 80,000 USD AND GOLD >=2,450 USD, the investor will receive a payout of 1 million USD, yielding an 8x return on investment.
• Else, the investor will receive no payout.
Trade Rationale:
• The trade capitalizes on a bullish outlook for both BTC and GOLD.
• The dual condition, which is required for payout, significantly reduces the costs of the options when bought individually.
• The trade will benefit from correlated upward moves in both assets