Bitcoin Crashes Below $1000 After SEC Rejects ETF
The Winklevoss twins have a huge hoard of BTC… maybe the single biggest holding. Their ambition has been to become the ‘Wall Street of Bitcoins’ and form an ETF. In my opinion, this could only be bad for bitcoin, inducing the well documented manipulation tricks into the pricing of BTC. An unregulated, free market in BTC is true price-discovery! It has already begun to recover, and Chinese demand continues.