Why the First Bitcoin ETF Could Double the Price

Via 

  • “Most of the Bitcoin community has assumed the approval of the first Bitcoin ETF will be a positive for the price of Bitcoin. That’s because it will add to the legitimacy of the digital currency in addition to providing a new avenue for people to invest in Bitcoin.”
  • “Once the Winklevoss Bitcoin Trust launches, it will need to purchase Bitcoin to back the shares it has sold to investors. This fresh inflow of capital will kick the price of Bitcoin higher”

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