Investor Ari Paul Bets $1 Million That Bitcoin Price Hits $50,000 by 2018

In keeping with Enterprise Insider, Ari Paul, the chief data officer and co-founder of cryptocurrency hedge fund Blocktower, has purchased $1 million worth of selections that gives a 30-fold payout if the bitcoin worth hits $50,000 by the highest of 2018, on behalf of Blocktower.

“On Wednesday, an unidentified entity made a $1 million wager on bitcoin shopping for and promoting above $50,000 by subsequent December. The cryptocurrency hedge fund BlockTower Capital was behind the wager, people accustomed to the matter knowledgeable Enterprise Insider.”

Blocktower’s $1 Million Guess

Immediately after the preliminary report on the $1 million wager positioned on LedgerX by the Wall Avenue Journal, Paul tweeted:

On the time, earlier to the disclosure of the merchants behind the choice, LedgerX CEO Paul Chou hinted that an institution has made the choice, not an individual.

“Indubitably, there are…

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