LedgerX an Institutional Trading and Clearing Platform said that the huge bet was placed by one or more traders. However the regulation barriers prevented LedgerX Chief Executive, Paul Chou, from identifying the bidders, but also suggest that a hedge fund is likely behind the gamble.
Mr Chou said: “Without a doubt, there are institutions out there that are looking at these types of trades or have done these types of trades,It’s not an individual, let’s put it that way.”
The terms and agreements of the bid placed between LedgerX and the betters say that if Bitcoin's value is worth more than an whopping $50,000 as on 28/12/2018 the owners of the bid is given right to buy 275 bitcoins for $50,000 each and if bitcoin fails to reach the target, the betters will receive nothing.
Though some people say bitcoins are just a bubble waiting to burst some people are betting for price to still go up, What does the Steem community have to say about this, How much do you predict the price of Bitcoins to be by the end of 2018?