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.
Topic: [2015-01-27] Winklevoss twins pitch their bitcoin ETF to gold bugs (Read 943 times)
January 27, 2015, 12:16:41 AM
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.
January 26, 2015, 10:20:54 PM
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.
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.
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