BTC is actually $5000 over and still the Koreans are buying. Reason for this is that in Korea it's harder to get money around, and therefor they're willing to pay a premium for it.
I do not believe this. Retail just has a hard time getting in. Supply is constrained and demand is high, because this channel allows easy purchase, but accesses limited liquidity. It is a picture of what will happen when a proper BTC ETF is listed in the U.S. - not some pink sheet closed-end fund which no one wants to touch except for arbitrage.
crypto hedge funds type folks start to pick up on your postings:
https://www.youtube.com/watch?v=aVUqXuIcpZ4https://www.c[Suspicious link removed]m/video/2017/12/26/man-behind-massive-bet-that-bitcoin-could-hit-50000.html?play=1
edit: second link is cnbc, was automatically flagged
Let's see if this one gets through
https://www.cnbc.com/video/2017/12/26/man-behind-massive-bet-that-bitcoin-could-hit-50000.html?play=1Yeah, that was pretty interesting.
I've been worried about the high fees putting a damper on btc. But this guy talking about options, family offices, pensions and the like puts a different perspective on things. The big boys might not be deterred by a twenty dollar fee or a hundred dollar fee. Also, it's going to take time for these big investors to get in. They're waiting for a viable custodial arrangement, which might take a year or two.
So in the short term, btc might take a hit because of the network congestion or simply because it's time for a pullback after extravagant gains. But long term looks bullish.