5 Reasons the Winklevoss Bitcoin ETF will send Bitcoin to 10,000+

The Winklevoss Bitcoin ETF  is set to go online at the end of 2014. You might remember the Winklevoss twin brothers from the movie The Social Network  where they sued Mark Zuckerburg and Facebook to win 50 million dollars. Since then the twins have moved on to start a Bitcoin ETF named the Winklevoss Bitcoin Trust. Once it begins trading, expect the price of Bitcoin to soar to over $10,000.

5 Reasons The Winklevoss Bitcoin ETF Sends Bitcoin Above 10,000:

1. Wall Street Money Will Flow Into The Bitcoin ETF. As soon as a person can go to their brokerage account, type in the symbol COIN and buy now, it will put upwards pressure on the price of Bitcoin. There are many wealthy investors who would like to get into Bitcoin but they feel uncomfortable that Bitcoin is not in their name, that they need to backup a wallet, and they need to keep their computer virus free. The Winklevoss ETF will allow the average wealthy investor who is not a technology expert to put large amounts of money into Bitcoin.

2. The Winklevoss ETF will be promoted as currency diversification on Wall Street Bitcoin is already being regarded by Wall Street as a new currency. The US dollar, Euro, and Yen have been undermined as a store of value. It will be advertised to clients as a high risk, high reward alternative currency.

3. Trading of the ETF will only be open during stock market hours The COIN ETF can only be bought or sold during the NASDAQ market is open in the United States. This means that the Wall Street investor will only be able to access Bitcoin trading from 9:30 AM EST to 4:30 PM. During this time period, there will be increased volume and more news released about Bitcoin. In the downtime there will be massive speculation about where the Bitcoin ETF will open and for what price. There will be discrepancies of the price between Bitcoin exchanges and the Bitcoin ETF.

4. Liquidity in Bitcoin markets will increase dramatically. There will be many more Bitcoins trading hands on a daily basis as the Bitcoin ETF will be required to allow shorting as well. This means that investors can bet that Bitcoin will go down as well. When the Bitcoin ETF opens, it will be much easier for Bitcoin Bears to bet that the price will go down. However, this is good for the price of Bitcoin as it will allow investors to bet both sides of the Bitcoin, increasing Bitcoin transactions

5. The Bitcoin ETF is required to buy additional Bitcoins Details of the Winklevoss ETF reveal that as more money flows into their trust, they are required to buy Bitcoins. Since the supply of Bitcoins is limited, this means they will have to buy from exchanges or over the counter purchases. Recently, the Winklevoss Twins announced they would pay in Bitcoin to go to space via Richard Branson’s Virgin Galatic.

Expect the price of Bitcoin to go space as well!

Author: Satoshi Nakamoto

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  1. You say that “The Winklevoss Bitcoin ETF is set to go online at the end of 2014,” but where do you get that information? Or is it just a guess? Everything I see about the ETF is that we don’t know when, or even if, it will be approved.

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      • I don’t think that indicates that there is any sort of deadline (Note that I am in no way educated in these matters). I believe that date just indicates how the ETF will order it’s fiscal accounting when it does go “live.”

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  2. Any company can set their fiscal year to start at any day in any month and end 12 months after that. So that news does not mean they will be live on 12/31. Even though I wish it was true, I doubt it.

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  3. You just went full /r/bitcoin. Never go full /r/bitcoin

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    • Hey nice, thank you for getting the discussion going, and it is interesting to hear a different opinion.

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