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Former Ohio Treasurer Josh Mandel Loses $1.2 Million Betting on Bitcoin Options

Former Ohio State Treasurer Josh Mandel, once a crypto pioneer, has revealed a staggering $1.2 million loss after a risky Bitcoin options trade failed to deliver. Mandel had boldly predicted that Bitcoin would hit $444,000 by November 8, a forecast that has fallen far short of reality. In a post on X (formerly Twitter), Mandel admitted to going all in on IBIT call options, which ultimately expired worthless. He explained that his earlier trades …Josh Mandel · Columbus Read Article