It’s very possible that the investor (or investors) in question has begun to sweat a bit regarding his investment. When the CNBC story on the gambit was posted, Bitcoin was trading at almost $16,700 per bitcoin, while as of this writing it stands significantly lower, at about $14,400. But hey, Bitcoin wouldn’t be worth gambling on if it didn’t come with risks, right? Speaking of risks, here’s how CNBC characterizes the investment/bet: That’s the long and the short of it, and now the waiting game begins to see if Bitcoin can reverse recent trends and climb to that all-important $50,000 margin or beyond. Nick Colas of DataTrek Research probably wouldn’t be too optimistic about the likelihood of such a climb if he was asked – according to his recent prediction about Bitcoin’s future prospects: The gamble is also a new frontier for LedgerX, which is a young company at less than five years old and has only been offering bitcoin trading functions since October of this year.
