Re: What's keep the price floating above $1k still?

Quote from: cjmoles on February 23, 2017, 06:10:46 PM

Quote from: darkota on February 23, 2017, 05:53:16 PM

Curious since this is actually a bit annoying. But can anyone send a reference or source as to who/why is keeping the price of btc above 1k for this long?

*Yes I want it to fall, nothing to hide here*

It could have something to do with the decisions on the exchange-traded funds (ETF) being considered soon. There's a few big players in the game (https://cointelegraph.com/news/barry-silbert-now-competes-with-winklevoss-twins-solidx-for-launching-first-bitcoin-etf-in-2017) and there's a lot of speculation at the moment (http://seekingalpha.com/article/4044517-bitcoin-etf-approved-march-2017-black-swan-asymmetric-risk-reward). I think there will be a decision making hearing next month (http://www.newsbtc.com/2017/02/06/sec-faces-march-11-deadline-bitcoin-etf-decision/).

This is the best answer I think. That ETF thing will make a boost to investors trust rating though when registered, it will really not make much of a movement.
Add up the PBOC taking steps into having more knowledge into blockchain, although they are dont want bitcoin and want their own that is still a question for many. Why blockchain? Then it continues the research to bitcoin.