LedgerX sets the bar high for retail investors with the new $100,000 Bitcoin call option


  • LedgerX option targets investors betting that Bitcoin will trade above $100,000 by December 2020.
  • A $100,000 contract does not even make us blink,” LedgerX CEO Paul Chou.

The United States-based LedgerX has released to the market a call option for the leading digital asset Bitcoin. The new trading option targets investors betting that Bitcoin will trade above $100,000 by December 2020.

As stated by a Bloomberg report on July 17 both retail and institutional investors can now put a call option on the original digital asset’s price. This means that if the asset hits the target price, it will be a 10x rise from the current market value, in turn, making Bitcoin a crypto with a $2 trillion market cap.

Also Read: Bitcoin price analysis: BTC/USD tumbles under $10,000 for the second time in July- Next stop $8,800

Paul Chou, the CEO of LedgerX told Bloomberg:

“Dozens and dozens of these institutions got back to us saying we’d be interested in trading contract like this.”

He continued:

“I understand $100,000 is a large number, but a lot of us who’ve been in the space remember bitcoin at $1, and then it hit $10 and $100 and $10,000. A $100,000 contract does not even make us blink.”

LedgerX was in June this year given the go-ahead by the Commodity Futures Trading Commission (CFTC) to bring to the market physically settled Bitcoin derivatives contracts.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: Bearish bias still intact while below 200-HMA

BTC/USD breached 10k for the first in four days in a wild Saturday trading. BTC buyers appear struggling on the road to recovery this Sunday. The technical set up still remains in favor of the bears in the near-term.

More Bitcoin News

Ripple Price Prediction: $0.28 back in sight amid a potential bear flag

Having seen a sharp correction from a seven-month high of 0.3466 on Saturday, Ripple (XRP/USD) is making recovery attempts in a bid to regain the 0.32 handle this Sunday. A stack of resistance levels caps the upside. The spot has charted a potential bear flag on hourly sticks. 

More Ripple News

Bitcoin Cash Price Analysis: Path of least resistance appears to the downside

BCH/USD stalls its recovery just shy of the 458 threshold, having witnessed a sharp pullback from near an eight-month peak of 496.96 clocked last Friday. No. 5 coin is teasing a bearish flag breakdown on hourly sticks, with the RSI flattening below the mid-line.  

More Bitcoin Cash News

Cryptocurrency market update: Ethereum stands tall amid broad crypto correction

Corrective downside still intact, as the recovery attempts lack further legs. Ripple emerged as the weakest amongst the top 3 most favorite crypto coins. Ethereum remains on track to book a whopping 18% weekly gain.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast

BTC

ETH

XRP