Post
Topic
Board Bitcoin Discussion
Re: Bakkt has traded only 7 BTC so far
by
Wexnident
on 06/10/2019, 07:00:32 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/
Bakkt was surely disappointing on the first day but its effects were never expected to be seen on its initial launch! Bakkt effects on the market would gradually show throughout the weeks or months. It is a long term effect that we are looking for, not just a single day or a week lasting one but one that could last for years. A lot of people have had some misconceptions about how Bakkt could pump the price with its release which raised it too much high. Because of a lot of expectations, when it didn't perform as well as what people thought, they readily said that Bakkt was a disappointment and such but everything you expected was only hyped made by other people. Its path is just beginning so let us just wait for its progress instead of expecting it to suddenly pump with its launch.