Okay, let's be honest. As a card-carrying libertarian (yes, we do have cards, they're made of gold and powered by Austrian economics), I'm supposed to be against tariffs. All tariffs. They’re market distortions, cronyism at work, and all-around terrible news. The recent, albeit temporary, tariff relief orchestrated by the White House seems to have given Bitcoin a shot in the arm. And that, my friends, is hilarious.

Can't Control, Won't Control, Accidentally Helps

I mean, think about it. The government, that lumbering behemoth of good intentions and disastrous execution, is attempting to micromanage the global economy. They change tariffs in the east and enforce sanctions in the west. It can seem like they’re just too convinced that they know more than the market’s invisible hand. And sometimes, just sometimes, their clumsy interventions accidentally benefit the very thing they can't control and probably secretly resent: Bitcoin.

Bitcoin trading above $85,000? Or is it just the stabilization of the crypto market to reflect equities? The $100K Bitcoin call options going on to be the most popular contract on Deribit of all time? That infusion of money includes, like it or not, a significant slice of tariff relief. It’s sort of magical, like watching a toddler knock over a tower of blocks and somehow end up sculpting an ice swan. Awe-inspiring, right?

And no, this isn’t an endorsement of tariffs, though…I’m still a free market, individual liberty, free market type of guy. Yet it is a hopeful sign which reminds us all that even the most ham-fisted government policies sometimes have unintended consequences. And often, those unintended effects are remarkably favorable for us dreamers who’ve put our chips on the table for a decentralized tomorrow.

$100K Bitcoin? Options Traders Think So

Futures and commodities market are very, very loud and clear. People aren’t just speculating on a $100,000 Bitcoin, they’re wagering big bucks on it. That $100K call option is currently the largest open interest position on Deribit at nearly $1.2 billion in open interest. That's not chump change. Institutional money is clamoring to get in. We are seeing retail investor conviction at its strongest, with record bullishness as many investors bet with supreme confidence that the bull cycle has merely begun.

And it's not just about speculation. The 30-90 day options skew has risen back into positive territory. What does that even mean? Essentially, this means the market is less scared and more sure that Bitcoin is heading in an upward trajectory. Investors are apparently enthusiastic about paying a premium for call options, bets on big price increases. This kind of action is a very bullish sign that the market sentiment has changed. Worry over the market taking a turn has been traded in for happiness over the potential.

  • Market Optimism: Reduced panic, increased demand for call options.
  • Institutional Belief: Big players betting on six-figure Bitcoin.
  • Geopolitical Calm: Easing fears contributing to positive vibes.

Government Fumbles, Bitcoin Rises

The strength of Bitcoin’s rebound from all-time lows around $75,000 after this temporary tariff relief should speak for themselves. As we saw when the president first granted this particular wish, even consistency is in dangerously short supply. That small boost was just what was needed to fan the bullish flames once more. Though the government may have unintentionally ignited the fire, let’s hope they don’t stomp on it before it can truly be contained. Don’t blow out the embers just yet.

It’s one more signal that Bitcoin is proving itself to be a hedge against unnecessary government overreach and economic chaos. When traditional markets are on edge, Bitcoin provides a safe haven. And when the government unintentionally finds itself promoting a policy favorable to crypto, well, that’s just the cherry on top.

The larger trend on display here is the ongoing crossover between old finance and the new crypto world. As Bitcoin is increasingly correlated with tech stocks. At the same time, the recent moderation in 10-year Treasury yields has stopped adding pressure on digital assets, shifting investor expectations toward a hopeful outlook. It's all connected.

Then am I advocating that we all pray for more tariffs? Absolutely not. What I am saying is that the government’s economic blunders can often have surprising and even favorable consequences for Bitcoin. And that's a lesson worth remembering.

The $85,000 level holding is key. If it does, traders are looking at $88,000–$90,000 as the next level of resistance, then a retest of all-time high $91,000. And from there? Well, $100K doesn't seem so far-fetched anymore.

Continue to monitor White House developments, particularly regarding semiconductor tariffs. Volatility could come at any time. For now, let’s toast the government’s unintentional help that sent us Bitcoin on this latest bull run. It's a testament to the resilience of decentralized technology and a reminder that even the most powerful institutions can't always control the future. That, my friends, is reason enough to raise a glass.