Re: Winklevoss Twins File to Launch Bitcoin Exchange-Traded Product
Seems like little more than a clever way for them to dump their massive holdings. The question I'd be asking is, why are they exiting Bitcoin? Maybe they see the writing on the wall?
They're not exiting Bitcoin. Most likely they will be buying back their bitcoins on MtGox at a profit as long as the price stays below $100. It's a clever way of keeping the price from dropping further and protecting their investment.
How long can they sustain that?