Think Bitcoin will hit $100K? These traders will take that bet

Cointelegraph

Published Dec 18, 2020 02:52PM ET

Updated Dec 19, 2020 05:00PM ET

Cryptocurrency derivatives platform Deribit is letting traders bet on a $100,000 Bitcoin (BTC) price — and within a certain period, no less.

As of Thursday, Deribit users can bet on the flagship cryptocurrency reaching $100,000 via options contracts that expire on Sept. 24, 2021. The lofty strike price was established following a surge in daily trade volumes.

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