I think there is a lot of FOMO out there over the open of the new Proshares Trust Bitcoin Strategy ETF (BITO), says Scott Bauer of Prosper Trading Academy. Bitcoin futures (/BTC) are approaching a new all-time high, but Scott would be a buyer if bitcoin futures sees a pullback around $57K or $58K. Scott believes that bitcoin is still a risky asset class. He gives his thoughts on what may happen when options on the BITO ETF potentially start trading.
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