📢Blockchain industry news! 10x Research recommends that Bitcoin investors adopt a "covered wide straddle" strategy, which is to sell out-of-the-money call options and put options related to Bitcoin while holding Bitcoin in the spot market. 📈

The highlight of this strategy is that in addition to the upside potential of Bitcoin spot, it can also generate a 17% return. 😮 10x Research founder Markus Thielen explained that their favorite strategy is to buy Bitcoin spot, sell a $100,000 strike call option, and sell a $50,000 strike put option expiring in December 2024. 👍

The returns of this strategy are 11% for calls and 6% for puts, totaling 17%. This means that investors can get a 17% downside buffer or an additional 17% return, depending on the closing price of BTC in December. 💰

If you are optimistic about Bitcoin, would you consider this strategy? In any case, this is a new attempt and a new way of thinking about Bitcoin investment. 😉 (CoinDesk)