Why isnt the official launch of BAKkT driving btc prices up but instead its going the opposite way?
Are investors afraid of a massive dump coming up or what are the possible reasons there isnt any traction for BTC price ?
Do not worry, the prices will be up again. As you know in crypto, the prices rises on the basis of the news and more often dump on the actual event day. The same is happening with bitcoin prices currently. I am sure once the actual trading will start at Bakkt, it will be hard to find bitcoin again at 10,000 Dollars.
Because Bakkt is supposed to launch December of last year. If you guys noticed, bitcoin price continous to went up slowly. I believe Bakkt accumulated a lot of bitcoins already. They are ready to play.
But Bakkt is good for bitcoin. We just need patience because more Wall Street players are here.