Bitcoin Forum

Hey guys, what do you think about Bakkt? Is crypto going to grow because of its launch? Bakkt will launch on 12th of December. Maybe we will see bullrun again?

Hello NikoF. First of all, they are going to be launched at 12th December. Sure, a lot of people hope that institutional investors can bring a lot of money in cryptocurrencies.

You are right i think any product that will make investing in crypto easier will definitely have positive effect on the market, it will bring not only more volume but also more interest into the market.

For last few months a lot of good news coming. And obviously bakkt is one of them. They recently announced that they will be launch the exchange in December 12. First thing is with bakkt many institutional investors will come so a lot of money gonna come to this market. The main thing is trust they are backed by something that means people will trust them over any other exchange. Not only bakkat there is more good new are on the way like Gemini or fidelity. So maybe in end of the year we.

definitely with the launch of Bakkt, we should expect the growth of cryptocurrencies. only it is unclear whether it will be a pump or a small growth.

BAKKT is definitely good news as this Crypto trading platform will launch BTC futures in December. It will bring new investors on the market. It is a global  platform  and it will attract institutional investors. New capital entering the market should increase the market volume and that is what we need for the bearish market to end.

I'm thinking positive with this and bullish can be one effect when Bakkt already launched by 12th of December.

But I'm not putting too much hope on it so I won't be hurt if ever it turns out to not so great effect.

Did you remember what has already happened with future contract when it has launched by CBOE? A lot of people are putting their hopes and then it makes the bitcoin market even worst because there was no a lot of volatility.
Bakkt is a short term hype and i will not expect a lot from that.

Bakkt is supposed to actually deliver the coins traded so maybe better that CBOE futures. Again, time will tell how big of a difference Bakkt will make to the market.