Post
Topic
Board Bitcoin Discussion
Re: Bakkt has traded only 7 BTC so far
by
Jating
on 23/09/2019, 10:57:13 UTC
This was always the "moonshot bet" of the NYSE ownership, looks like an underwhelming start to Bakkt trading with only 7 BTC traded.

How will Wall Street react to Bitcoin-settled futures?

https://www.instagram.com/p/B2vLp43pI2A/
What do you expect, thousands of BTC being purchased on the first day? As everyone has been saying, Bakkt excitement is no longer there since it's been long overdue. We have seen Wall Street react when CBoE and CME have open a bitcoin future contract, and majority will tell you that it didn't end up good because it started the bearish cycle of the market.

But we will see, it's just the opening, maybe we can see some whales or big institutions to go and play with whole "Bitcoin-settled futures", however, I'm not putting high expectations so that I won't get disappointed.