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:
I ponder who bought these? 😉 https://t.co/gIXFW0d0hm
— Ari Paul (@AriDavidPaul) December 21, 2017
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…