Bitcoin in 2018: Headed to $50,000?
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Bitcoin in 2018: Headed to $50,000?
As Bitcoin’s fantastic year comes to a close, the world is wondering what’s next for the cryptocurrency. Starting 2017 at just under $1000 per BTC, the coin’s value has since risen to roughly $16,000.
One investor seems to be pretty sure that Bitcoin’s ascent has just begun. CNBC reported on Thursday that a LedgerX user bought 275 call options that expire on December 28, 2018. At $3,600 a pop, that bet cost just $10,000 short of $1 million.
Since the trade grants the user the option to buy Bitcoin at $50,000, the better supposes that BTC will exceed that price ... (read more)
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