December 28: Crypto Industry Will Face One of the Biggest Losses

CIO of Blocktower Capital, Ari Paul, has made the largest-ever speculative play using BTC options during December of 2017

The options were purchased in 2017 for nearly $1 million when BTC was trading for approximately $16,200.

The call options have a strike price of $50,000, meaning that BTC would have to spike by over 1,400% in the next two and a half weeks (a near-impossibility for any asset) in order for the contracts to retain any value, as they will expire to be worthless should prices fail to sit above $50,000 as of December 28.

Bitcoin

BTC
Price
3,621 USD -0.48%
Volume, 24h
1,184,534,331 USD
-10.32%
Marketcap
63,446,012,006 USD
52%
Emission
83%

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