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Retail Investors Can Now Bet on Bitcoin Hitting $100,000 by 2020

United States.-based regulated crypto derivatives and clearing platform LedgerX is giving retail investors the chance to bet on Bitcoin (BTC) hitting $100,000 by 2020.


New Possibilities for the Retail Crypto Trader


As Bloomberg reported on July 17, the $100,000 call option implies that Bitcoin’s current valuation could increase over ten-fold and hit a $2 trillion market capitalization.


This bullish bet on Bitcoin is the first crypto derivatives product open to mom and pop investors since LedgerX sealed approval from the U.S. Commodity Futures Trading Commission (CFTC) to serve as a designated contract market for clients of any size, as Cointelegraph reported in June. 


Institutional investors have been able to trade derivatives via the platform for two years. LedgerX CEO, Paul Chou, has revealed to Bloomberg that such clients — who each hold assets worth between $10 million and $1 billion — have already expressed interest in the new product. He said: 

Dozens and dozens of these institutions got back to us saying we’d be interested in trading a contract like this. I understand $100,000 is a large number, but a lot of us who’ve been in this space remember Bitcoin at $1, and then it hit $10 and $100 and $10,000. A $100,000 contract doesn’t even make us blink.”

Read More at CoinTelegraph...

#BTC #Trading

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