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Topic: Why the Winklevoss ETF will send Bitcoin to the moon. - page 3. (Read 5500 times)

legendary
Activity: 1806
Merit: 1521
this is the first time i've heard of Winklevoss ETF, but it makes sense.  People think it's $850 per BTC, which they can't afford so just dismiss it.  If they were sold shares at $8.50 per 0.01, then they would be more apt to purchase.

I like the idea of buying shares.
hero member
Activity: 924
Merit: 1001
If I'm remembering correctly, they're simply selling shares at $25.

So whatever fraction of a Bitcoin that equals at that moment, is what the buyer will receive.
hero member
Activity: 898
Merit: 1000
We just need all of the exchange to collaborate and switch over to mBTC when price reaches $1000. Then people can buy 1 mBTC for a dollar! Quick, get them while they're still cheap, we're gonna hit $50 in a few years  Cheesy

EDIT: In fact, they should all just do it now.
hero member
Activity: 503
Merit: 501
Reminder to self: purchase at least 1 share on IPO day.  Wink


Question: Does one Bitcoin represent 100 or 1000 shares?
hero member
Activity: 686
Merit: 500
yeah itll probably be big. although, at first, it will depend on where we are in cycle of price movement..... eventually this will crash Smiley
hero member
Activity: 924
Merit: 1001
I still think most people aren't buying now despite the mass awareness of Bitcoin, because they think you have to buy a whole coin.

No, I know for a fact that's what most people think. So they aren't buying. "Because it's too expensive".

This is why we need the Winklevoss ETF as soon as possible.  This is when Bitcoin value will shoot to the moon. It will finally be on a "legitimate" exchange. It will finally be easy for the masses to buy. It will have security / insurance backing it (I believe?).

More importantly, it will be sold already in divisible amounts. I believe $25 per "share". This is when the general public will realize you can get in on Bitcoin at fractions of it's value.

Until the Winklevoss ETF goes live, a huge chunk of investors will remain unable/unwilling to access Bitcoin.

How long until approval or rejection by the evaluators?
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