2013-07-08 MarketWatch - Don't Laugh Off The Winklevii's Bitcoin ETF

[kiko]

http://www.marketwatch.com/story/dont-laugh-off-the-winkleviis-bitcoin-etf-2013-07-08

A sobering (but true) quote from a Morningstar analyst:

Bitcoins are very illiquid, and the current trading infrastructure is riddled with security/efficiency problems. … If you actually want exposure to bitcoins, it’s probably a better idea to buy them directly. And if you can’t figure out how to do that, you probably don’t have any business owning bitcoins in the first place.“

[TraderTimm]

Granted we don't have the depth of traditional exchanges, but it isn't like we're operating a cash-for-commodity market like Milk or Butter, that trades once a week to set prices. He's probably making the mistake of thinking we start small and stay small.

I disagree.