Analysts Recommend This Strategy to Make Money from Bitcoin

According to 10x Research analysts, spot Bitcoin investors who want to earn extra income can apply the “covered strangle” method.

To implement the covered strangle strategy, while holding spot Bitcoin, it is necessary to sell out-of-the-money (OTM) call options above the current Bitcoin price and OTM put options below the current price.

10x Research analysts recommend selling a $100,000 call option and a $50,000 put option that expires in December 2024.

According to 10x Research founder Markus Thielen, investors can earn returns of 11% and 6% from call and put options, respectively.

This strategy may only be suitable for investors who can tolerate high levels of risk and think Bitcoin will not fall below $50,000.