Topic: Winklevoss ETF... What are the likely scenarios. - page 2. (Read 2145 times)
Let us all hope the twins succeed.
The likely scenarios is that if approved it can be a nice tool to make money any other crap is meaningless if does not make money
The more and more I think about it, this ETF is great news for bitcoins.
If approved, this will give BTC real legitimacy, and become a major consumer of BTC.
BTC that makes it into the ETF is no longer being sold on Gox, and not in circulation.
It's like somebody coming in and buying up all the gold.
There will be less gold for the people who actually want to use it for legitimate purposes, or illegitimate purposes, and so the price will no doubt rocket up to a point where we're all doing transactions with mili BTC.
My thoughts.
The leading gold trust holds $39,851.9 M worth of gold, the leading silver trust $6,239.7 M. BTC is can be a store of value just like gold. Except it's much more than that. A crypto currency is a lot more useful / versatile than gold is in the 21st century.. BTC can be moved anywhere in the world instantly, whereas gold has to be carried.
If I had money in the gold trust, and bitcoin actually made it as an ETF why wouldn't I hedge my bets. After all it's just as scarce, and one day we probably will find a way to make gold cheaply.
Anyway I'd like to hear some scenarios with what could happen with this ETF, and how quickly people think it's likely to grow.
If approved, this will give BTC real legitimacy, and become a major consumer of BTC.
BTC that makes it into the ETF is no longer being sold on Gox, and not in circulation.
It's like somebody coming in and buying up all the gold.
There will be less gold for the people who actually want to use it for legitimate purposes, or illegitimate purposes, and so the price will no doubt rocket up to a point where we're all doing transactions with mili BTC.
My thoughts.
The leading gold trust holds $39,851.9 M worth of gold, the leading silver trust $6,239.7 M. BTC is can be a store of value just like gold. Except it's much more than that. A crypto currency is a lot more useful / versatile than gold is in the 21st century.. BTC can be moved anywhere in the world instantly, whereas gold has to be carried.
If I had money in the gold trust, and bitcoin actually made it as an ETF why wouldn't I hedge my bets. After all it's just as scarce, and one day we probably will find a way to make gold cheaply.
Anyway I'd like to hear some scenarios with what could happen with this ETF, and how quickly people think it's likely to grow.
Jump to: