Post
Topic
Board Speculation
Re: Shouldn't new Fund GABI aka Global Advisors Bitcoin Investment Fund boost price?
by
BitChick
on 29/07/2014, 16:37:30 UTC
a hedge fund should have some strategy.  If they just buy & hold, heck you can do that yourself

I agree, however GABI hasn't even launched yet.  The question at hand (IMO) is have they already started accumulating, and if so are they primarily doing it OTC?  I personally wouldn't expect to see a legitimate hedge fund actively, and knowingly, manipulating a market to such an extent to take their position.  I'm no wall street guru, but I'd think that kind of activity is illegal.

It would have been nice if there was some information out there about what amount of coins the fund is starting with and their strategy for obtaining them.  At least Second Market gave out more info about the buying structure.  Maybe when they launch on Friday?