Post
Topic
Board Securities
Re: If you own 3000 or more Bitcoin, Wall Street wants your advice
by
DPoS
on 12/01/2014, 00:10:05 UTC
...

Main things I'm wondering is how much, if at all, large BTC holders see as a value of public vehicles backed by BTC.   As suspected, for some it's no advantage at all,for others it's perceived as a major advantage.

...
Curious who thinks it's a major advantage?  Current Bitcoin publicity is huge.  Short of the president buying bitcoins it's hard to think of it getting any bigger.  So publicity angle is underwhelming at best.  Ease of trading if thought through seems more of a negative because it isn't actual xbt ease of trading.  If a dentist in san diego as you put it sells apple and buys xbt fund the fact is they aren't buying xbt but instead are buying just paper.  Reminds me of MP calling it a valueless receipt.  Instead of reducing volatility it only increases it.  Instead of xbt being used as a currency it becomes a penny stock pump and dump.  Hard to see bitcoin idealists seeing this as a major thing.  I could be wrong though.

there is a bunch of IRA money or crazier 401k money that someday could be blindly tossed into bitcoins..  I think OP is trying to set up something that can get through regulations for the common greater fool to come push bitcoin higher quicker.

the other ones now are only for 'sophisticated investors'...    Fidelity slipped and let the second market one go live for anyone's IRA but then took it off in a day