Post
Topic
Board Speculation
Re: SecondMarket Bitcoin Investment Trust Observer
by
jzcjca00
on 08/08/2014, 14:52:57 UTC
So SecondMarket hasn't bought shit for over 3 months now.

Looks like it. Should probably worry those who believe that the listing of an ETF automatically means new price surge.

It may not be fair to extrapolate the impact of the Second Market BIT to predict the impact of a real ETF, which would make Bitcoin easily available to the average person.  We're talking about a completely different, and orders of magnitude larger, audience.

I think the Winklevoss ETF will take us to around $10,000, followed of course by the inevitable crash to around $5,000.