Winklevoss' Gemini Bitcoin exchange starts doing business

[DiggnDeeper]

Roughly 24 hours until the Winklevoss' Gemini Bitcoin exchange starts doing business.

I'm guessing a bit of a pump in BTC

Should we be expecting the alts to follow suit?

Will it be more than a pump?

[grabberfish]

We've been in similar situations before today, but the anticipated rise in pricing has not happened in any significant manner previously and therefore I suspect today and tomorrow will be much the same. The Winklevii have indicated they have some large Wall Street type clients waiting to jump in with large amounts of liquid capital, but this could very well be hype.

This descent has been a long road so far. I highly doubt one new exchange in New York is going to change the landscape.

[BitcoinXio]

We've been in similar situations before today, but the anticipated rise in pricing has not happened in any significant manner previously and therefore I suspect today and tomorrow will be much the same. The Winklevii have indicated they have some large Wall Street type clients waiting to jump in with large amounts of liquid capital, but this could very well be hype.

This descent has been a long road so far. I highly doubt one new exchange in New York is going to change the landscape.

We have seen this before, in particular a good example would be with Coinbase. So it's possible it could mirror the same and we could see a price correction later this week or early next week. But either way, it's another positive step in the right direction for bitcoin, and if they are able to get institutional investors into bitcoin that is another milestone that everyone should be happy about.

[rendravolt]

I think it will not be pumped alt, alt proved until now only silence, so this is not evidence that support for the pump.

[btc]

the institutional MM are into BTC now

and up we goooo