Does anyone not think that a lot of this money we are expecting to see from Wall Street and institutional investors has already invested?
I think they are already in, they got in late October to early November and that was the cause of the rally.
I have a hard time believing they are just sitting on the sidelines watching the price go up before jumping in. The price increased 10x during the rally, we started seeing $1m+ bids.
Why do we believe these articles? I think it may be possible they are already in and now are hyping it up.
No. The exchange rate can not be this low if Wall Street has gotten involved in any serious manner. Perhaps some have put their little toe in, but that is all.
There is a lot of money in Wall Street.
I'm not saying they've put all they money they want in, but I think they are already in and have fairly significant positions (which they could use to manipulate the price if they want to put more money in). We just saw a 10x increase in price.
Check this out:
http://www.youtube.com/watch?v=Tume6vspgegNejc Kodric (Bitstamp CEO) in late October, says he thinks the price is rising because of institutional investors. He runs the second biggest exchange, I think he'd have a pretty good idea.
