Explosive Options founder and chief analyst Bob Lang said in his assessment on CNBC's Power Lunch program that Bitcoin (BTC) has the potential to rise to much higher levels by the end of the year.
Lang noted a noticeable surge in crypto stocks in recent months, arguing that Bitcoin's record highs this week have rekindled investor interest. According to Lang, Coinbase stock is one of the most effective tools for investors looking to capitalize on this momentum.
Lang also said that he always prioritizes risk management, and if sharp increases in stocks or Bitcoin are seen, he will realize a portion of the position with a profit or move call options up.
Recalling that Bitcoin has seen all-time highs, rising from $112,000 to $125,000 in recent months, Lang stated that if this trend continues, Coinbase could also gain strong momentum.
The BTC price is trading around $121,000 at the time of writing.
*This is not investment advice.
