Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!
I don't know why people keep saying that the ETF is priced in, since that is logically impossible, the ETF itself is the mechanism by which that new money would be entering the bitcoin economy. On the other hand, the prevailing attitude that the ETF approval is a foregone conclusion, is certainly not the case. What happens if the ETF is not approved?
The process of getting it approved seems endless. Is there a time limit on it?
http://cointelegraph.com/news/112474/will-a-bitcoin-etf-help-bitcoin-go-mainstream
Article says Q4 2014.
It also states If Bitcoin can do the same thing for finance that the Internet did for communications and shopping, a single unit could be worth "hundreds of thousands of dollars" in 10 years."
