{"id":136878,"date":"2020-12-18T22:52:33","date_gmt":"2020-12-18T19:52:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/think-bitcoin-will-hit-100k-these-traders-will-take-that-bet\/"},"modified":"2020-12-18T22:52:33","modified_gmt":"2020-12-18T19:52:33","slug":"think-bitcoin-will-hit-100k-these-traders-will-take-that-bet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/think-bitcoin-will-hit-100k-these-traders-will-take-that-bet\/","title":{"rendered":"# Think Bitcoin will hit $100K? These traders will take that bet"},"content":{"rendered":"

“# Think Bitcoin will hit $100K? These traders will take that bet <\/strong>”
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As of Thursday, Deribit users can bet<\/a> 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.\u00a0<\/p>\n

In options trading, a strike price is the value that a derivative contract can be bought or sold when it’s exercised.\u00a0<\/p>\n

Deribit processed 754,123 BTC options contracts in November, according to marketing material that app<\/a>eared on Twitter<\/a> Thursday. <\/p>\n

The exchange is currently listed as the tenth-largest crypto derivatives exchange on CoinMarketCap, or CMC. Volumes reported by CMC may not reflect actual market turnover due to methodological issues with how the data are collected and reported. <\/p>\n

Crypto data analytics provider Skew reported<\/a> Thursday that Deribit is the largest derivatives market for Bitcoin trades. The firm also said that daily options trading in BTC surpassed $1 billion for the first time. <\/p>\n

Deribit tells<\/a> Bitcoin.com:<\/p>\n

\u201cWe have seen a total turnover of USD 3.5 billion today (rolling 24 hrs) […] We have seen a total turnover of USD 1.4 billion today (rolling 24 hrs).:<\/p><\/blockquote>\n

Bitcoin\u2019s coveted six-figure moonshot is considered a foregone conclusion by its most ardent supporters. What some have found shocking as of late is that many of the most bullish forecasts are coming from outside the BTC community.<\/p>\n

Citibank has seemingly predicted a $318,000 BTC price next year, while Guggenheim has called for a $400,000 valuation. Meanwhile, JPMorgan says Bitcoin could soon receive<\/a> a $600 billion catalyst, which would catapult prices sharply higher. <\/p>\n

Cryptocurrency derivatives platform Deribit is letting traders bet on a $100,000 Bitcoin (BTC) price \u2014 and within a certain period, no less.\u00a0<\/p>\n

Bitcoin’s roller coaster year looks to end on a positive note as the digital currency vies for new all-time highs. The price came within striking distance of $24,000 on Thursday before pulling back modestly. Bitcoin is currently trading below $22,700, having gained 220% year-to-date at time of publication.<\/p>\n