You are viewing a single comment's thread from:
RE: Curious why Bitcoin is suddenly going up?
Has no logic to me.. or a really flawed.
Cuz of the ETF-like product (selling many btc) the price now rises to then dump?
Yea right. That's why people are hodling right now...
Still waiting for the crash
The product is physically backed by bitcoin. Meaning that anyone who buys a share, it will represent buying the actual bitcoin. Which is a big deal as much of the money that will be participating is not able to go out on unregulated cryptocurrency exchanges and purchase bitcoin. This combined with the Bakkt launch should represent a significant amount of new fiat inflow into bitcoin. Very bullish news.