{"id":9183,"date":"2025-01-22T21:31:32","date_gmt":"2025-01-22T21:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9183"},"modified":"2025-01-22T21:31:32","modified_gmt":"2025-01-22T21:31:32","slug":"options-corner-riot-platforms-could-be-itching-to-charge-higher","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9183","title":{"rendered":"Options Corner: Riot Platforms Could Be Itching To Charge Higher"},"content":{"rendered":"<div>\n<p>While the rise to ultimate political power of President <strong>Donald Trump<\/strong> undoubtedly sparks a range of sentiments, among cryptocurrency investors, the <a href=\"https:\/\/www.benzinga.com\/topic\/donald-trump\">consensus is largely favorable.<\/a><\/p>\n<p>A vocal proponent of decentralized digital assets throughout the campaign trail, Trump previously signaled the intention to issue executive orders to foster a <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/43076398\/trumps-expected-executive-orders-bitcoins-bullish-surge-and-more-this-week-in-crypto\">more conducive environment for crypto<\/a> firms. It&#8217;s this fundamental catalyst that undergirds the longer-term narrative of blockchain miner <strong>Riot Platforms Inc<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RIOT#NASDAQ\">RIOT<\/a>).<\/p>\n<p>From an economic standpoint, the digital asset market is exciting because of the introduction of a new frontier. With young workers <a href=\"https:\/\/www.benzinga.com\/startups\/24\/10\/41232614\/young-millionaires-are-betting-17-of-their-portfolios-on-crypto-and-theyre-the-conservative-ones\">increasingly investing in virtual currencies<\/a>, the sector will likely continue expanding. However, due to the <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/02\/36954312\/power-hungry-bitcoin-and-other-cryptos-drained-as-much-power-with-mining-as-whole-of-austr\">enormous energy consumption<\/a> of blockchain mining protocols, this frontier doesn&#8217;t come cheap, nor is it free from sharp criticism. Therefore, it&#8217;s imperative that government bodies introduce favorable legislation.<\/p>\n<p>To be fair, the emotions vested in Trump 2.0 create <a href=\"https:\/\/www.benzinga.com\/25\/01\/43086698\/crypto-market-plunges-after-trumps-inaugural-speech-fails-to-mention-digital-assets\">wildness in crypto pricing<\/a> behaviors. Nevertheless, the president in prior interactions has a history of keeping his <a href=\"https:\/\/www.the-independent.com\/news\/world\/americas\/us-politics\/trump-north-korea-nuclear-crisis-talks-latest-kim-jong-un-olympics-russia-china-a8166921.html\">cards close<\/a> to his chest. In the long run, a jubilant crypto market would help Trump secure the young voting base for Republicans. Politically, there&#8217;s every incentive to keep his blockchain-related promises \u2014 and that should be good news for RIOT stock.<\/p>\n<h2 class=\"wp-block-heading\">Strength May Beget More Strength for RIOT Stock<\/h2>\n<p>Beyond the political realm, another factor that could smile on RIOT stock is the technical and statistical backdrop. Essentially, positive sentiment in RIOT tends to inspire even more optimism. &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/25\/01\/43144023\/riot-stock-poised-break-out-consolidation-cycle\" alt=\"Options\" corner: riot platforms could be itching to charge higher>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>While the rise to ultimate political power of President Donald Trump undoubtedly sparks a range of sentiments, among cryptocurrency investors, the consensus is largely favorable. A vocal proponent of decentralized digital assets throughout the campaign trail, Trump previously signaled the intention to issue executive orders to foster a more conducive environment for crypto firms. It&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-9183","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9183"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9183\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}