"Why or why not?"
how do you get in it ? - only for institutional buyers atm. but hey, its a great start! 😋
Well it lost a lot of luster drawing it out again and again but we’ll see🤷🏼♂️- Yeah they teased us way too long lmao. 🤦♂️
INSTITUTIONAL BUYERS - True.
More crypto exposure - No doubt. Time to open up these markets baby! 🤗
Because that will cause (along with favorable approvals from the SEC for Bitcoin Bitwise Asset Management and VanEck / SolidX Bitcoin ETFs) in the definitive cryptocurrency boom ... Get ready to fly in the 4Q of the year, baby! 😉 - And things are expected to pick up leading up to the halving ~May-June 2020 too! 😀
Why would i not be happy, last year august this was supposed to happen and predictiin was when this happens, btc bull run would start. But bear run came with that bitcoin hashtag war and a lot of crypto blood was shed. Then uncertinity, and now that they say they got approval, whales and other institutional money would flow and btc could go up. But ofcourse cant be certain it would happen but its big news and btc would go to 20000 dollars at the very least and the year will end with us celebrating hand in hand with the crypto bulls. Lets see...its fireworks and obviously exciting. - It's turning out to be such an exciting year. 😉
excited this will bring the others into the bitcoin realm. people who would not otherwise participate. go bitcoin go !!!!!! - It'll attract more institutional players into the game for sure.
Finally! - Bout damn time alright! 👍
No knowledge of Bakkt - Bakkt is digital assets platform that offers physically-settled bitcoin futures contracts to institutional investors. They will also act as custodians to the underlying Bitcoin in these contracts! It's great for the space because it will now give institutional investors the confidence in investing in this relatively newer asset class because now their funds are insured. This could potentially open up the markets! 😋
i don't really understand what positives will Bakkt bring. But i am very happy. People are anticipating its approval since 2 years. Hope it will really bring lot of fiat money in bitcoin. I am loving the news. - It's great news! These things are laying the foundations for the space to really take off.
Price appreciation - In both the long and short run!
I am really not sure. Who remembers bitcoin futures (CME) it was at that launch that the price started to tank. The fact that Bakt are paying out in physical bitcoins is good but lets be honest they are unlikely to be sourcing their bitcoin from any exchanges. You can bet they are already sat on an absolute ton on bitcoin and any future requirements for more will be bought OTC or direct from the miners. - Def got em OTC. Buying off exchanges would move prices far too much. 🤪
I am not sure, because it is a custodio. No body going to have there bitcoin. - That's the exact reason why its valuable. Institutions can now manage/ offload the risks of holding their own BTC! 🛡️
It will lead to temp pump, but fundamentally its wrong to corporatise crypto. - It's creating a derivatives market. This will draw a great deal of attention to the space.
It's about time. Maybe now all the big players will hop on board the crypto train and bitcoin will rocket to the moon. - Catch u on the moon! 🚀
About time . Authorities need to get up to speed . Crypto is a fast moving community, it is the way of the future . Those that still mess around on Facebook need to come up to speed and get Instagram ! - Yeah, they needa hop on the train asap!
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