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Trader makes million-dollar bet that bitcoin will triple next year

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https://www.cnbc.com/2017/12/21/someone.html

  • Online records from New York-based digital currency trading platform LedgerX showed 275 call options expiring Dec. 28, 2018, were bought in Wednesday's trading session.
  • The options were bought at a volume-weighted average price of $3,600, meaning roughly $1 million was spent on the bet.
  • With bitcoin trading near $16,700 Thursday, that means the trader or traders expect the digital currency to soar more than 200 percent in the coming 12 months.
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