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March 19, 2014, 06:10:53 PM


http://www.bloomberg.com/news/2014-03-17/fortress-linked-pantera-said-to-invest-in-top-bitcoin-exchange.html

http://finance.fortune.cnn.com/2014/03/18/bitcoin-hedge-fund/

You know, this will take some time before it will influence price. It's not the bullish equivalent to a flash crash event... what I mean is, I'm not expecting price to turn around 180 degree tomorrow.

But this combination of solid 'old' money chasing the new one, not just the size of the Pantera/Fortress fund at registration, but also that little nugget about Bitstamp, makes me pretty confident that those scenarios we discuss here once in a while, like yesterday, those that paint the picture of a painfully drawn-out bear market that can last several more months to a year (you know the people who see it like that, Mat, or Lucif) simply are not a realistic option anymore.


thx for pointing this out. sometimes the forums are really depressing & a little bit of light helps to keep calm in the darkness... Smiley