BTCManager: Bitcoin Options Purchased For $1 Million Will Soon Become Obsolete Featured
Last year in December 2017, just a few days after Bitcoin hit its peak, Ari Paul, a cryptocurrency fund manager at BlockTower Capital purchased Bitcoin Options with a strike price of $50,000 for almost $1 million on the Ledger X’s Trading platform. According to Crain’s Chicago Business’ article published on December 6, 2018, Bitcoin needs to increase its value by 1,400 percent for the Bitcoin contracts to have any value by its expiration date on December 28, 2018.
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