Friday, July 5, 2013

Bitcoin Crashing: Is It the Fault of the Winklevoss Twins?

Over the last 10 days, the price of a bitcoin has dropped from $105 to $65.55. The downward spiral seems to have picked up speed since the Winklevoss twins on July 1 filed to form a Bitcoin ETF.

Sophisticated market watchers view the Winklevoss filing as a method by which the twins will attempt to liquidate their huge Bitcoin position.

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