close
close

Options traders place $100,000 worth of Bitcoin (BTC) bets on Trump's victory

Bitcoin options traders received a boost Donald TrumpIn light of the US government's election victory, proponents are already targeting a breakthrough price of $100,000 for the native cryptocurrency after it hit a new record on hopes of a more crypto-friendly government.

According to crypto options exchange Deribit, investors are betting that Bitcoin will reach the milestone as early as the end of the year. On Monday, the token surpassed $82,000 for the first time.