I also didn't think wall street, or hedge funds would jump into bitcoins any time soon. It just seemed to risky.
First, all the exchanges etc. are far too risky to hold any significant amounts of money in. They are also slow as hell, I Just lost hundreds today in potential profits because stupid bitcoin took way too long to confirm a transaction.
Bitcoins I would think would also be highly unsafe to deal in. Imagine someone internally just transferring out all those bitcoins into anon coin, then transferring them to another coin, and mixing it up until their is no trace. Hedge funds would have to take serious security measures here, its not like trading in fiat which is much more safer.
It could happen, but bitcoins are in no shape or form ready for serious money from wall street. I just don't see it.
DUDE! Go here:
www.secondmarket.com. Check the investment totals they have been receiving. Its disclosed.
And then there is a little ETF in the final stages of being approved. Google it.
I swear you are like an ostrich with its head buried in the sand. Completely out of touch with factual reality. Denial. Denial. Denial.
How can you come on the is board with BTC worth over $600 and talk about how you "just don't think" or "just can't see how" or whatever else, when you did not buy bitcoin at $2 because it never went to $1.
The biggest problem with you is that you actually believe that YOU get the define the price of bitcoin. But you don't. The world defines it. You still think YOU KNOW the value of bitcoin. This is laughable.
Do us all a favor and sell your bitcoin and go do something else.
