With all the talk of the upcoming Winklevoss ETF, I'm curious to know how come the bitcoin price is anticipated to surge when it goes into effect???
Can anybody explain the reasoning of this expectation?
It is all the Roth and 401K money "tied up" in corporate retirement accounts - like mine. I cannot allocate my retirement funds to anything that is not on the SEC approved exchanges.
Once the ETF is in place, a great deal of money (billions?) is then available to be put into it.
I know of many others in the same boat... ready to put a % of the retirement $ into the Winkleviss ETF.
Many of us are NOT confident in the US dollar and have already put much of our retirement into precious metals, energy, etc.
It will be HUGE and will move the btc price.
It would, but ETFs are not supposed to be the tail that wags the dog. The underlying asset should have solid exchange foundation and higher liquidity than the ETF itself. For this reason I highly doubt the ETF will be approved.