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A long shot options trade is wagering on bitcoin to hit $300,000 by the end of June

  • A far-flung options trade is betting on Bitcoin hitting $300,000 by June 27, suggesting a 181% upside from current levels.
  • This trade exceeds most bullish near-term predictions, with Standard Chartered forecasting Bitcoin to reach $120,000 in Q2 and $200,000 by year-end.
  • On Tuesday, Bitcoin was trading near $107,000, edging towards record highs, boosted by economic tailwinds, corporate interest, and pro-crypto policies.
  • Despite growing risk appetite in markets, uncertainties remain, with analysts highlighting the need for a catalyst to drive Bitcoin prices higher.

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