200 Bitcoins worth $2.4 million to be won as prize money

A pile of Bitcoins that were just made are arranged for a photograph in Sandy, Utah, U.S., on Friday, April 12, 2013. Created four years ago by a person or group using the name Satoshi Nakamoto, Bitcoin is a virtual currency that can be used to buy and sell a broad range of items — from cupcakes to electronics to illegal narcotics. Photographer: George Frey/Bloomberg via Getty Images

As Investors and traders rush to have a stake in the world’s most valuable crypto asset, crypto futures trading platform (Bybit) is currently hosting thousands of crypto fans for its World Series of Trading (WSOT) competition.

With roughly 12 days left before the competition ends, 12,368 participants are currently pursuing 200 Bitcoin (BTC) in prize money, valued around $2.4 million, according to data from WSOT’ website.

Nairametrics readers can become part of the World Series of Trading competition by clicking here.

Meanwhile, sentiment aligning well with daily active addresses (orange bars) and BTC price increased over past days, which should indicate these are overall sustainable conditions for further price expansion.

As Bitcoin continues to gain traction, co-founder of Gemini, an American regulated crypto exchange, Tyler Winklevoss, advised newcomers to the crypto market saying:“You don’t have to buy a full bitcoin, you can buy any fraction of a bitcoin that you want — even as little as 0.00000001 (called a “satoshi”) is possible”.This is what Bitcoiners mean when they say they’re “stacking satoshis” or “stacking sats.”

Leave a Reply