Bitcoin has been at the forefront of the strong recovery across risk assets in the last month, and with the “Trump Family”, as they say in poker, all-in on the crypto space, I believe for traders, buying the dip will pay dividends into Christmas. Plus, we remain bullish on equities through 2025, and the crypto space is directly correlated to moves in risk assets, such as stocks. MM does not invest in the crypto space at this stage, but from a trading perspective, any liquid asset is fair game, so to speak.
- I believe the risk/reward towards the VBTC at the $31 level is attractive for a move by Bitcoin to new all-time highs.
Trade Idea: Buy VanEck Bitcoin ETF (VBTC) at $31, with a stop loss at $29 – a 9% risk.
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