What are $300K Bitcoin call options, and why are traders buying them like lottery tickets?

Traders are betting big on Bitcoin soaring to $300,000 by the end of June 2025, but is this bold options strategy a smart move or a high-risk gamble?

A call option gives the buyer the right but not the obligation to purchase an asset (in this case, Bitcoin) at a predetermined price before a specific date. 

If the market price rises above that strike price, the option becomes profitable, or “in the money.” If it doesn’t, the option expires worthless.

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