This is a huge improvement over the $54,000 it was at a few days ago and the $49,000 per unit it was stuck at early last week.
Steve Ehrlich – chief executive of Voyager Digital – echoed this sentiment but commented that this could potentially lead into something bigger.
We saw the price lose at around $57,540 on the Monday of the week of expiry and watched it fall steadily to around $46,340 by Friday, February 26, 2021, the day of the expiry.
Thus, if Ehrlich’s words have any stamina to them, we could find ourselves trading bitcoin at considerably higher prices a few months from now.
Usually, we have seen heavier interest in calls are expensive, but this may be an early indication that more investors may be worried about downside protection as time goes out.