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