Re: Bakkt has traded only 7 BTC so far

Today's Bakkt volume is around 7X times what it was when this thread was posted. You can obviously notice that the investors interest/participation is gradually increasing. Of course that 46 BTC is only around $400,000 which is nothing compared to the Bitmex 1.5 billion USD daily volume. But it's good to see it increasing. Maybe institutional are still a little bit afraid or maybe waiting for something Roll Eyes

Anyway I'm very bullish on it even if daddy Bakkt hasn't shown his powers yet.

thats a good sign of whats to come.
maybe give bakkt 1 year to really see the impact it has on the market, crypto market is in such a rush all the time,everything has to happen so fast or its a failure.

I don't know, it still seems like a failure. Even if the interest will increase over time, it is not increasing remotely good enough to become a big thing. And I guess we can blame Bakkt for what's happened with Bitcoin's price. Maybe it's a good thing that Bakkt is failing, though. I really don't see how futures contracts can be good for Bitcoin. They are the very opposite of the free market. Futures mean that people agree about the buy/sell prices on a certain day in the future regardless of what the prices will actually be like. If people perceive Bitcoin through futures, they miss one of the most important things about Bitcoin.

I also have the feeling that Bakkt is failure. Although it's still at the begininig the progress is not looking promising and the final effect will not be as many expected. And so far it certainly didn't push the Bitcoin price that was also part of expectations. But let's give Bakkt some more time before final conclusion.