Post
Topic
Board Bitcoin Discussion
Re: Bakkt has traded only 7 BTC so far
by
metallica101
on 17/10/2019, 04:57:36 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/

See, that's the problem with hype — everyone expects that the new thing will magically solve all of the problems or be a major success right off the bat. It took BTC 9 years to reach 20k, it didn't do it within a month. Similarly, just because Bakkt got launched, it doesn't mean that institutions would just rush over and start throwing their money into crypto space. The fact that any trading has been done so early on is a pretty good start. There were no incidents, which is also good. Now, let the hype die down, and let institutions slowly tra to experiment with the exchange, one $ at a time if need be.