A trader just made a million dollar bet that Bitcoin would be over $50k by the end of 2018 A large trader (or traders) just plopped down a million dollars betting that Bitcoin would hit $50k sometime in 2018.
To make that possible, bitcoin should start its bullrun now until the end of the year. But with the cryptocurrency market still in bearish mood, it is already to reach that kind of price at the end of this year. Bitcoin continues to accumulate and it may have only a mild growth this year if you compare it last year. The $50k price of bitcoin might only possible after several years from now or when the top coin is ready to go up again.