I believe Secondmarket's (and maybe the Winklevoss twins') Bitcoin ETF's will be huge. And by huge, I mean the price of Bitcoin will likely run-up hugely beforehand and I'm guessing the Bitcoin ETF will likely skyrocket. Overall I think last fall's Bitcoin rally will look like a blip on the charts due to the ETF.
Great post this ! Totally agree with everything said and I've been amazed the last few weeks that more people haven't picked up on this point.
I mean, it's a total no-brainer. If the Bitcoin ETFs make it into Wall Street, it will be like going from showering yourself under a leaky drainpipe to standing under Niagra Falls.
Right now, the only formal fiat gateways to cryptos are basically Coinbase, Bitstamp and BTC-e IN THE WHOLE WORLD ! (Plus a few hangers on)
Not only that, it will be a complete paradigm change for crypto currencies. They will be seen to have defied all the adverse predictions of 2013 and 2014 and therefore have demonstrated an incredible resilience against negative press.
Good point also regarding DRK and the secondary markets where traders require to diversify their portfolios. DRK stands square in the middle of "to gain from that" territory.