someone simply made a wager that Bitcoin will hit $50,000 before one year from now's over
A WSJ report says that day by day exchanging records discharged by LedgerX - a startup electronic market for Bitcoin subsidiaries - demonstrate that a unidentified broker/merchants purchased Bitcoin call alternatives adding up to just shy of $1 million.
The call choices terminate on 28 December 2018, betting that Bitcoin will hit $50,000. The call choices bet gives the dealer/merchants the privilege to purchase 275 Bitcoins at $50,000 upon termination date.
LedgerX CEO, Paul Chou, declined to distinguish who was behind the buy - however said "it's not an individual, how about we put it that way".
For Bitcoin to reach $50,000 from the present levels, it would mean a bounce of more than 190%. Things being what they are, that is peanuts contrasted with the >1,500% bounce this year, no?
