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5 Reasons The Winklevoss ETF Will Send Bitcoin over 10,000+

http://bitcoinpricelive.com/bitcoin-etf-5-reasons-the-winklevoss-bitcoin-etf-will-send-bitcoin-to-10000/
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.
Here’s 5 reasons why:
  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 a not 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!
submitted by rampageEesti to BitcoinMarkets [link] [comments]

5/9/14 Video News: FEC's confusing guidelines, China censors Bitcoin, and Bitcoin Foundation election results

Video: http://moneyandtech.com/may9-news-update/
Today in Money & Tech:
Yesterday, we reported that the Federal Election Commission issued guidelines allowing bitcoin political donations in response to a specific request from political action committee Make Your Laws. However, we've since learned that the parameters of this decision may extend beyond those laid out specifically for this individual use case. We're joined by Christopher David, founder and CEO of CoinVox, who shed more light on what this decision from the FEC actually means.
USA Today has temporarily changed the logo in the header of their website incorporating the Bitcoin symbol. Clicking on the Bitcoin logo leads to an article on the FEC's approval of bitcoin political campaign donations.
Voting on the Bitcoin Foundation’s two vacant board seats concluded last night with BTC China CEO Bobby Lee and bitcoin entrepreneur Brock Pierce winning by a small margin. Bobby Lee has been a strong voice for the bitcoin community in China, where his bitcoin exchange BTC China has been doing it's best to stand up against the China central bank’s ban on bitcoin-related bank accounts. Brock Pierce, another avid proponent of the bitcoin community, is involved in several bitcoin startups such as GoCoin, ExpressCoin, KnCMiner and Robocoin Asia, and is helping drive the proposal to revive bankrupt bitcoin exchange Mt. Gox.
The proposed plan to revive bankrupt bitcoin exchange Mt. Gox has received preliminary approval in an Illinois court, allowing it to be more formally vetted in Japan. The plan would involve settling the current class action lawsuits, and then granting those former exchange users a 16.5% equity stake in the new operation. However, the defense argues that this plan would also create new lawsuits from both the new and former Mt. Gox users, which could keep the accused parties in litigation for an undefined period of time.
The IRS announced Wednesday that it will be contracting out to cybersecurity nonprofit National Cyber-Forensic Training Alliance starting June 1st. The contract will involve researching crimes utilizing digital currencies, and providing the federal government with real-time cyber threat intelligence. According to the IRS document, the Alliance will be expected to “identify significant cybercriminals engaged in financial crimes, as well as initiatives that highlight virtual currencies and virtual currency exchangers that service criminal clientele.”
The Winklevoss Twins have filed with the SEC to have their new Winklevoss Bitcoin Trust listed on the NASDAQ stock exchange, which would make it the first publicly-listed bitcoin exchange traded fund. According to the SEC filing, the Winklevoss ETF is expected to IPO for $1 million total shares worth a total of 200,000 bitcoins, so that each share is worth one-fifth of a bitcoin.
The China Digital Times has leaked a set of documents instructing Chinese media to censor their coverage of certain sensitive issues in China. This time, bitcoin made the list, which ended with instructions to refrain from participating in or reporting on The Global Bitcoin Summit 2014 kicking off tomorrow in Beijing. The instructions said "All websites are asked not to participate in or report on the summit. Do not hype bitcoins. All reporting on bitcoins must henceforth accord with the specifications of financial regulatory agencies." This comes as additional negative news for the Summit, after the recent announcement from 5 of the largest Chinese bitcoin exchanges that they will not be attending or participating in the event.
Meanwhile in China, a company called Hardbit has announced the release of a physical Bitcoin wallet. About the size of a credit card but thicker, the device touts many security features, as well as a camera to allow it to make in-person bitcoin transactions quickly. The wallet is now on sale in China, with plans to distribute internationally from May 10th onwards.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

5/9/14 Video News: FEC's confusing guidelines, China censors Bitcoin, and Bitcoin Foundation election results

Video: http://moneyandtech.com/may9-news-update/
Today in Money & Tech:
Yesterday, we reported that the Federal Election Commission issued guidelines allowing bitcoin political donations in response to a specific request from political action committee Make Your Laws. However, we've since learned that the parameters of this decision may extend beyond those laid out specifically for this individual use case. We're joined by Christopher David, founder and CEO of CoinVox, who shed more light on what this decision from the FEC actually means.
USA Today has temporarily changed the logo in the header of their website incorporating the Bitcoin symbol. Clicking on the Bitcoin logo leads to an article on the FEC's approval of bitcoin political campaign donations.
Voting on the Bitcoin Foundation’s two vacant board seats concluded last night with BTC China CEO Bobby Lee and bitcoin entrepreneur Brock Pierce winning by a small margin. Bobby Lee has been a strong voice for the bitcoin community in China, where his bitcoin exchange BTC China has been doing it's best to stand up against the China central bank’s ban on bitcoin-related bank accounts. Brock Pierce, another avid proponent of the bitcoin community, is involved in several bitcoin startups such as GoCoin, ExpressCoin, KnCMiner and Robocoin Asia, and is helping drive the proposal to revive bankrupt bitcoin exchange Mt. Gox.
The proposed plan to revive bankrupt bitcoin exchange Mt. Gox has received preliminary approval in an Illinois court, allowing it to be more formally vetted in Japan. The plan would involve settling the current class action lawsuits, and then granting those former exchange users a 16.5% equity stake in the new operation. However, the defense argues that this plan would also create new lawsuits from both the new and former Mt. Gox users, which could keep the accused parties in litigation for an undefined period of time.
The IRS announced Wednesday that it will be contracting out to cybersecurity nonprofit National Cyber-Forensic Training Alliance starting June 1st. The contract will involve researching crimes utilizing digital currencies, and providing the federal government with real-time cyber threat intelligence. According to the IRS document, the Alliance will be expected to “identify significant cybercriminals engaged in financial crimes, as well as initiatives that highlight virtual currencies and virtual currency exchangers that service criminal clientele.”
The Winklevoss Twins have filed with the SEC to have their new Winklevoss Bitcoin Trust listed on the NASDAQ stock exchange, which would make it the first publicly-listed bitcoin exchange traded fund. According to the SEC filing, the Winklevoss ETF is expected to IPO for $1 million total shares worth a total of 200,000 bitcoins, so that each share is worth one-fifth of a bitcoin.
The China Digital Times has leaked a set of documents instructing Chinese media to censor their coverage of certain sensitive issues in China. This time, bitcoin made the list, which ended with instructions to refrain from participating in or reporting on The Global Bitcoin Summit 2014 kicking off tomorrow in Beijing. The instructions said "All websites are asked not to participate in or report on the summit. Do not hype bitcoins. All reporting on bitcoins must henceforth accord with the specifications of financial regulatory agencies." This comes as additional negative news for the Summit, after the recent announcement from 5 of the largest Chinese bitcoin exchanges that they will not be attending or participating in the event.
Meanwhile in China, a company called Hardbit has announced the release of a physical Bitcoin wallet. About the size of a credit card but thicker, the device touts many security features, as well as a camera to allow it to make in-person bitcoin transactions quickly. The wallet is now on sale in China, with plans to distribute internationally from May 10th onwards.
submitted by moneyandtech to Bitcoin [link] [comments]

Bitcoin Bulls And Facebook Founders Winklevoss Twins Explain Why Bitcoin Will Make People Rich Winklevoss twins, Cboe pushing for SEC to approve bitcoin ETF: Sources Bitcoin ETF News - Winklevoss Twins & Japan [Bitcoin Technical Analysis] FAKE NEWS- WINKLEVOSS BITCOIN ETF REJECTED/ CRYPTO CONSPIRACY/ ETF INSIGHTS $BTC WILL MAKE NEW HIGH$ Winklevoss Bitcoin ETF May Approve (2017/02/23)

It’s been three years since the Winklevoss twins announced their intention to release a bitcoin ETF to investors. Since then, they’ve battled with regulators and watched as others created and released similar products. Now, we’re again hearing that the Winklevoss ETF will “soon” be released. The question is: will the Winklevoss ETF really ever be cleared for launch? Winklevoss Bitcoin ETF to Trade on NASDAQ Under ‘COIN’ Symbol The Winklevoss twins have filed an amended Form S-1 with the SEC. The minor update reveals a few new facts about the Winklevoss ... The Winklevoss twins have filed an amended Form S-1 with the SEC. The minor update reveals a few new facts about the Winklevoss exchange traded fund (ETF). So far Cameron and Tyler Winklevoss have updated their ETF filing four times. The process of registering an ETF is painstakingly slow: the tw... On social media, entrepreneur and Proof of Keys organizer Trace Mayer joined Tyler and Cameron Winklevoss in contemplating a bullish future for Bitcoin. Since launching regulated US cryptocurrency exchange and trading platform Gemini, the Winklevoss twins have staked huge amounts on Bitcoin’s success, despite opening up trading of larger market cap altcoins. Winklevoss Bitcoin Trust ETF aims to be put on NASDAQ stock exchange in new SEC filing.

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Bitcoin Bulls And Facebook Founders Winklevoss Twins Explain Why Bitcoin Will Make People Rich

FBN’s Charlie Gasparino discusses whether the Winklevoss brothers and Cboe will be able to get SEC approval for a bitcoin ETF. July 2 (Bloomberg) -- The Winklevoss twins are looking to create an exchange-traded fund for the online currency Bitcoin. Their company, Math-Based Asset Services LLC, filed forms with the U.S ... Winklevoss Twins Look to Create Bitcoin ETF - Duration: 2:36. Bloomberg 2,035 views. 2:36. Language: English Location: United States Restricted Mode: Off History Help About ... https://cointelegraph.com/news/cnbc-winklevoss-twins-bitcoin-etf-application-rejected-by-sec The U.S. Securities and Exchange Commission (SEC) has rejected t... Bitcoin ETF approval and Tether to be wiped out? 2019 predictions The brains behind the famed cryptocurrency exchange Gemini, the Winklevoss twins have recently spoken out on The Ledger to offer ...

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