i doubt its a good thing if a billionaire is backing something, i dont think it will matter much anymore
I wonder why you said that. Isn't more money will a project to move much faster? I thought this was a good thing.
It is a good thing as long as he holds his position. We need rich holders as we need poor ones. The only danger is he may create an enormous sell pressure if he decides to leave crypto. As long as he believes in crypto there is nothing to worry about.
I believe there will be many other billionaires who is going to back bakkt. He is just the first one. When the others join the party, everything will happen so fast.
They already raised a total of $182.5 million and has partnered with a lot of companies so there's a possibility that even if he dumps we still have something so there's nothing to worry about.
I do hope that many rich people if they hadn't done so, will going to back Bakkt as it is geared towards short and long term goal so let's see how it goes.