Post
Topic
Board Speculation
Re: The Observer Effect (over $1000 by 16-30 June)
by
ShakyhandsBTCer
on 12/07/2014, 16:06:52 UTC
July 14th and still $630  Cry Hope those $1000 are reached before the end of this year, you have 5 months  Angry  Grin

News of the new regulated bitcoin fund opening up August 1st (with an estimated $200M being invested during the first 6 months) should get the rally started nicely and put us over $1000 and beyond without much trouble.  Add the Winklevoss ETF to the mix?  I wouldn't be surprised to see us at $10,000 before year's end.

I would say that $200MM invested in a new bitcoin investment fund would be more then what would likely go into such a fund. I would argue that more money would be poured into VC that would invest in bitcoin related businesses.

I do think that the ETF will likely push the price of bitcoin higher.