Institutional Investor: Bitcoin Exits Mt. Gox and Heads to Wall Street

[Arghhh]

http://www.institutionalinvestor.com/Article/3320376/Bitcoin-Exits-Mt-Gox-and-Heads-to-Wall-Street.html?ArticleId=3320376&p=1

"How big is the Bitcoin market? The Winklevoss twins peg it at $400 billion. SecondMarket's Silbert sees it at 5 percent of investments in gold - about $350 billion. Wedbush Luria says Bitcoin will take a bite of the $1.9 trillion financial gold market and both global foreign currency reserves (a $7.5 trillion market) and a safe-haven currencies ($4.3 trillion). To the extent that Bitcoin caputres a slice of the combined $13.7 trillion from these three markets, it could drive up the price ten to 100 times, Luria says."

It's nothing I haven't heard, but with the recent pessimism and the "bear" trending... this is a heads up to all the true believers. We're fueling up the Wall Street rocket...

HODL
(until a rival currency shows up... if at all)

[curlyheed65]

http://www.institutionalinvestor.com/Article/3320376/Bitcoin-Exits-Mt-Gox-and-Heads-to-Wall-Street.html?ArticleId=3320376&p=1

"How big is the Bitcoin market? The Winklevoss twins peg it at $400 billion. SecondMarket's Silbert sees it at 5 percent of investments in gold - about $350 billion. Wedbush Luria says Bitcoin will take a bite of the $1.9 trillion financial gold market and both global foreign currency reserves (a $7.5 trillion market) and a safe-haven currencies ($4.3 trillion). To the extent that Bitcoin caputres a slice of the combined $13.7 trillion from these three markets, it could drive up the price ten to 100 times, Luria says."

It's nothing I haven't heard, but with the recent pessimism and the "bear" trending... this is a heads up to all the true believers. We're fueling up the Wall Street rocket...

HODL
(until a rival currency shows up... if at all)

The rival currency will be NEM. Look for it soon.

[tokeweed]

The Winklevoss twins peg it at $400 billion. SecondMarket's Silbert sees it at 5 percent of investments in gold - about $350 billion. Wedbush Luria says Bitcoin will take a bite of the $1.9 trillion financial gold market and both global foreign currency reserves (a $7.5 trillion market) and a safe-haven currencies ($4.3 trillion).

these people must be holding lots of btc.

[CryptoPanda]

It was about time!