Also known as how do you exit an illiquid market without destroying the price...
The beautiful thing with bitcoin is that you may never need to liquidate them, you just simply spend them if the acceptance is enough wide, means only money inflow, no outflow
i agree that's why i collect every kind of "coin" i can get>> get it?LOL
>>NICEEEEE
Nice to see reason simply
oozing through these forums. You do realize the Winklevii have investments in other Bitcoin businesses, they will not shoot themselves in the foot and compromise their investment.
It just depends on where they think they will make the greatest return and what their exit strategy is. By selling out in an IPO at market through a securities offering, they get 100% out with no slippage -- other than the offering cost which might actually be priced in as well. It's quite smart if they can get it funded and represents an enormous return on investment for them.
Their other public Bitcoin investments are substantially smaller than their "currency" profits and so they get to take money off the table and continue to play for free. They're not flooding the market with Bitcoins either -- rather the opposite in fact. And of course, like the fund in Malta, they provide a way for traders to hedge their positions by shorting the EFT.
This all seems quite reasonable to me and doesn't involve shooting anyone in the foot.