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July 17, 2019

U.S.-regulated bitcoin derivatives exchange and clearinghouse LedgerX has launched a call option that pays off if bitcoin's (EXANTE: Bitcoin) price surpasses $100K mark by December 2020.

Chief Executive Officer of LedgerX, Paul Chou, in an interview with Bloomberg said that dozens and dozens of institutions got back to LedgerX saying they'd be interested in trading a contract like this.

"I understand $100,000 is a large number, but a lot of us who’ve been in this space remember Bitcoin at $1, and then it hit $10 and $100 and $10,000. A $100,000 contract doesn’t even make us blink," he added.

Earlier iHodl reported that bitcoin's price dropped below $10K mark, having opened the doors for the bears.

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