Hi Yash,
Interesting comment. Sorry I missed it earlier.
I've also heard of people making this option play for the $100K price. Could certainly hit, who knows? Some of these options plays could be hugely profitable, as the chance of them hitting may be underpriced by the options writers.
"Bitcoin can be effectively triple in the next year and the buyer will still lose money on the business."
This is probably just an options play, not a business.