Share this article
BTC
$81,488.70
+
4.86%ETH
$1,590.89
+
7.35%USDT
$0.9997
+
0.01%XRP
$1.9888
+
8.23%BNB
$577.33
+
3.74%USDC
$0.9999
-
0.01%SOL
$114.52
+
6.59%DOGE
$0.1561
+
6.22%TRX
$0.2404
+
4.78%ADA
$0.6189
+
7.38%LEO
$9.3902
+
2.76%LINK
$12.29
+
7.79%AVAX
$18.07
+
8.07%TON
$3.0070
-
1.46%XLM
$0.2334
+
4.64%HBAR
$0.1699
+
10.12%SHIB
$0.0₄1189
+
7.44%SUI
$2.1408
+
8.45%OM
$6.7205
+
7.29%BCH
$297.00
+
8.04%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Traders Can Now Bet on 'Bitcoin $300K' as Options Keep Pace With Rising Price
It supersedes the $200,000 option on Deribit as the maximum one can wager.
Traders can now bet on whether bitcoin will hit $300,000 by year's end.
STORY CONTINUES BELOW
We've added the #Bitcoin $300K strike in Dec21 expiry!
— Deribit (@DeribitExchange) January 8, 2021
🧑🚀🌕🚀
- Crypto derivatives exchange Deribit has added a $300,000 option to keep up with BTC's blistering price performance in recent weeks.
- The $200,000 option came into being late last week after bitcoin rose from $25,000 on Dec. 25 to $32,000 on Jan. 2.
- Six days later – with bitcoin currently north of $39,000 and having risen to as high as $41,962.36 earlier Friday – the maximum option followed suit.
- Even with the bullishness driving bitcoin's rally, there's only so high folks are willing to climb, as you can see from the following picture of open positions on Deribit's website.
- Other than one optimistic soul wagering that $200,000 this year could be a real thing, there's been no activity at any strike above $100,000.
- Generally, options indicate how some of the market's more sophisticated traders are gauging current price trends.
- Hope may spring eternal but apparently even hope has a ceiling.
See also: Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
