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Author Topic: Winklevoss bitcoin etf coming soon...maybe by oct 12  (Read 3780 times)
maku
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November 15, 2016, 09:49:50 AM
 #41

New letter from ARK to SEC re COIN ETF.
https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630-23.pdf

Cautious, but take home message is that if such ETF is approved, demand might be overwhelming and btc will spike.
Well, OK, then  Grin

GOLD went from $400ish to $1800 on GLD approval.
I expect at least 8-10X spike (to $5000-6000) if COIN is approved (within 3-5 years)
Still they keyword here is 'if'. But seeing that Winlevoss were so determined to open exchange under BitLicense - which is considered the worst cryptocurrency legislation attempt so far.
Then maybe they will be fighting and willing to compromise with that ETF too. Even with heavy regulation this might be better fin project than everything we witnessed so far.
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November 15, 2016, 11:32:46 AM
 #42

New letter from ARK to SEC re COIN ETF.
https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630-23.pdf

Cautious, but take home message is that if such ETF is approved, demand might be overwhelming and btc will spike.
Well, OK, then  Grin

GOLD went from $400ish to $1800 on GLD approval.
I expect at least 8-10X spike (to $5000-6000) if COIN is approved (within 3-5 years)

Well, a very solid and well-documented opinion. Cautious but honest, yet positive about Bitcoin's future.
Main point being Bitcoin is yet too small for an open-ended ETF as it may inflate the price quite quickly, but the bubble will most probably pop soon after that. Gave me plenty of food for thought.
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