Someone just made a bet that Bitcoin will hit $50,000 by the end of next year
A WSJ report says that daily trading records released by LedgerX - a startup electronic market for Bitcoin derivatives - show that an unidentified trader/traders bought Bitcoin call options amounting to just under $1 million.
The call options expire on 28 December 2018, wagering that Bitcoin will hit $50,000. The call options wagered gives the trader/traders the right to buy 275 Bitcoins at $50,000 upon expiration date.
LedgerX chief executive, Paul Chou, declined to identify who was behind the purchase - but said "it's not an individual, let's put it that way".
For Bitcoin to reach $50,000 from today's levels, it would mean a jump of over 190%. If you want to think about it, that's peanuts compared to the >1,500% jump this year, no?