Trader Puts $1 Million On Bitcoin Reaching $50,000 By End of 2018

Someone wanted a BIG bet on Bitcoin for 2018 and they placed that bet on LedgerX, an electronic marketplace for Bitcoin derivatives. The trader, whom LedgerX CEO Paul Chou declined to identify, bought calls that gave him, or her the right to buy 275 Bitcoins at $50,000 with a December 28th 2018 expiry.

Bitcoin is up 1,500 per cent from the beginning of this year after the value of a single Bitcoin has soared from $954 in January.

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