Can you also explain why the investors prefer cash settled futures and not asset settled futures like the offering from Bakkt? I think this is one of the main reasons why other cash settled futures did much better than Bakkt.
Also, do you think institutional investors will eventually come around to investing more into Bakkt with it's asset settled futures or will they shy away from it?
What time frame are we talking about for investors to understand what the Bitcoin asset is, compared to other physical asset futures that are on offer? <Do you think investors are wary to invest in something they cannot visualize or are they scared of manipulation and Bitcoin's volatility?>
Also, do you think institutional investors will eventually come around to investing more into Bakkt with it's asset settled futures or will they shy away from it?
What time frame are we talking about for investors to understand what the Bitcoin asset is, compared to other physical asset futures that are on offer? <Do you think investors are wary to invest in something they cannot visualize or are they scared of manipulation and Bitcoin's volatility?>
I prefer cash settled futures when I am shorting an asset. I don’t want to be paid in the asset when the value of the asset is falling, I want to be paid in cash.