Post
Topic
Board Bitcoin Discussion
Re: Bakkt has traded only 7 BTC so far
by
peter0425
on 23/10/2019, 09:32:19 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/
Everything starts in small trades ,the problem with BAKKT is the over expectations that’s why people are very disappointed with the outcome after release but eventually it will be understand and gain investors as I believe that this is one good for our future preferences
In the link you have given on Instagram there was no mention of   7 btc being traded. The only thing mentioned is this:

 " At 8:02pm EST, the first Bitcoin futures contract was traded at a price of $10,115 per BTC.
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How will Wall Street react to the launch of Bakkt’s Bitcoin futures exchange and ICE’s ‘moonshot bet’?"

https://www.instagram.com/p/B2vLp43pI2A/

I hope you can place the link where you derived the figure which is 7 btc. At the moment I guess Wall Street will not really mind since Bakkts's bitcoin futures exchange volume has just started. But if the volume will increase and the number of users/investors at Bakkt then that will be the time when wall street will be threatened and possibly will launch its own bitcoin futures.
Sometimes exaggeration is really the problem in this market when people reacting too much for things they don’t really understand