[2015-01-27] Winklevoss twins pitch their bitcoin ETF to gold bugs

[zakoliverz]

http://www.marketwatch.com/story/winklevoss-twins-pitch-their-bitcoin-etf-to-gold-bugs-2015-01-26

The twins went even further in praising bitcoin, saying it’s an improvement on gold. They said its advantages include being more durable and more portable, plus the brothers emphasized that a fixed supply of bitcoin is built into the rules for the digital currency.

The comments came as the Winklevoss twins headlined a session Monday at ETF.com’s Inside ETFs conference in Hollywood, Fla. The brothers, who are still best known for their legal fight with Mark Zuckerberg over Facebook’s FB, -0.43%  origins, have turned into significant players in the world of bitcoin.

[Chef Ramsay]

Bringing in the precious metals folks by a certain percentage would be a huge leg up in this bitcoin world. Adding a certain % of the PM folks into this realm would help the overall cause and up the market cap as time goes by assuming some of them see decency in this ecosystem.

[nwfella]

Given the present level of volatility in bitcoin price I suspect this is going to be a pretty tough sale for Winklevoss's.  Obviously it would be much easier to sell if bitcoin where showing some serious price gains but I think we still have a long way to go before any significant % of these types of investors will take any kind of serious look at bitcoin.

*But yeah, if even 1 or 2% of some of the larger gold-bug's decided to divert even 2-3% of their overall portfolio's towards holding some BTC it certainly couldn't hurt it's market-cap.  Unless that is ole fatty fat head Karpeles decides to cashout a decent portion of those 700k+ BTC he stole awhile back.