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Topic: Bitcoin Investment Trust Launched by Major Crowdfunding Company Secondmarket!! - page 3. (Read 5073 times)

full member
Activity: 304
Merit: 102
This seems like a seminal moment for bitcoin.  If just a few large institutional investors pick up blocks of shares (looks like $25K minimum?) then this could quickly and drastically increase the value, price, exposure and future of bitcoin.
legendary
Activity: 994
Merit: 1000
Does anyone know how they purchase the bitcoins, do they have a ton of bitcoins and they are selling parts of that? or are they going to take the money and directly buy bitcoins? Cause if it is the latter than that could send prices down, depending on how much they raise.

How would buying btc on the market lower the price?
legendary
Activity: 1498
Merit: 1000
Does anyone know how they purchase the bitcoins, do they have a ton of bitcoins and they are selling parts of that? or are they going to take the money and directly buy bitcoins? Cause if it is the latter than that could send prices down, depending on how much they raise.
legendary
Activity: 1764
Merit: 1002
come one, come all.

at least those over $200K.
full member
Activity: 324
Merit: 100
This may just take bitcoin to the mainstream.  Secondmarket has announced a Bitcoin investment trust to invest in Bitcoin:

http://crowdfundingforum.com/showthread.php/7790-%28Bitcointrust%29-Bitcoin-Investment-Trust
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