Anyone know why bitcoin is spiking today?

[chiefmonkey]

It can't all be down to speculation of the SEC approving the proposed Winklevoss Bitcoin ETF, can it?

• Did the bankers say... "We quit!"?
  Did Nickleback say "We quit!"?
  Did they find Elvis?

Thoughts on a postcard please... BTC to the moon

[BitcoinXio]

Presumably lots of speculation on the upcoming Bitcoin ETF

[Thetamind]

doesn't bitcoin spike like everyday? Im getting used to it now.... a month ago it was under 1000, now it's heading to 1500.... 3000 by summer.

[mjglqw]

doesn't bitcoin spike like everyday? Im getting used to it now.... a month ago it was under 1000, now it's heading to 1500.... 3000 by summer.

which.. is a good thing.

aaand to OP, yea probably because of the ETF.

[Thetamind]

I am 90% the etf will fail... so, what will happen to the price when it does do you think?

[Rmcdermott927]

Presumably lots of speculation on the upcoming Bitcoin ETF

If this is the reason, im scared of what the price will be if the SEC returns a "no" decision. It also seems like "no" is far more likely than "yes".