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Title: [2015-01-27] Winklevoss twins pitch their bitcoin ETF to gold bugs Post by: zakoliverz on January 27, 2015, 03:20:54 AM http://www.marketwatch.com/story/winklevoss-twins-pitch-their-bitcoin-etf-to-gold-bugs-2015-01-26
The twins went even further in praising bitcoin, saying it’s an improvement on gold. They said its advantages include being more durable and more portable, plus the brothers emphasized that a fixed supply of bitcoin is built into the rules for the digital currency. The comments came as the Winklevoss twins headlined a session Monday at ETF.com’s Inside ETFs conference in Hollywood, Fla. The brothers, who are still best known for their legal fight with Mark Zuckerberg over Facebook’s FB, -0.43% origins, have turned into significant players in the world of bitcoin. Title: Re: [2015-01-27] Winklevoss twins pitch their bitcoin ETF to gold bugs Post by: Chef Ramsay on January 27, 2015, 05:16:41 AM Bringing in the precious metals folks by a certain percentage would be a huge leg up in this bitcoin world. Adding a certain % of the PM folks into this realm would help the overall cause and up the market cap as time goes by assuming some of them see decency in this ecosystem.
Title: Re: [2015-01-27] Winklevoss twins pitch their bitcoin ETF to gold bugs Post by: nwfella on January 27, 2015, 07:17:34 AM Given the present level of volatility in bitcoin price I suspect this is going to be a pretty tough sale for Winklevoss's. Obviously it would be much easier to sell if bitcoin where showing some serious price gains but I think we still have a long way to go before any significant % of these types of investors will take any kind of serious look at bitcoin.
*But yeah, if even 1 or 2% of some of the larger gold-bug's decided to divert even 2-3% of their overall portfolio's towards holding some BTC it certainly couldn't hurt it's market-cap. Unless that is ole fatty fat head Karpeles decides to cashout a decent portion of those 700k+ BTC he stole awhile back. |