How will the launch of Bakkt influence the crypto market?

[Thinkable999]

If it holds true to its promises then it could create a positive impact in the cryptocurrency market. The more the investments the better for the crypto world.

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[Mr.Boring007]

If the launch of Bakkt in November is successful then we will see a increase in investment in the cryptocurrency world. It is a great thing and in my opinion will attract more people.

[MinedTangerine]

It will probably make new investors come in. But in crypto you never know.

[andrejka]

I would like to know more about this bakkt, From your post all I can see is that they are gonna make seamless buy/sell of all kinds of cryptocurrencies but I can't say if that's really a thing or not However having something like this is definitely gonna influence a lot of the things in this market.

You definitely need to learn more about Bakkt, cause personally I strongly convinced that it will influence all the crypto world boosting the whole market towards the moon)) Just look through their official blog on medium to get to know more about this issue - https://medium.com/bakkt-blog/newhire-launch-c5dd55254566

[andrejka]

Do we know what are the cryptos that will be included in BAKKT?

Not for now I guess, we have to wait for their further announcement regarding that.

Bakkt will be launched in November for testing and the real trading will begin in December so I'm waiting a huge bull run in December, 2019. BTC and ETH will make new ATHs in early 2019.

2019? they will test this year.
Bakkt Launch Set for Next Month, Institutional Investors Far More Involved in Bitcoin and Crypto Market Than Many Realize

Absolutely! I hope it will include all the top 50 cryptos from coinmarketcap, however at the beginning we could only see just the major cryptocurrencies from top10 and then gradually the other ones would be added.

Concerning the second "quote" I guess it was a mistype))

[andrejka]

Start Bakkt already rescheduled for December 12. Of course this is a positive innovation that will give a good impetus to the growth of all cryptocurrencies.

Yep, it has been postponed a little bit, but I hope the effect will be worth waiting and we will see a bullish market again at the end of this year!))

[ndico]

From all indication and the news i have read so far, i think it might have a small impact on the cryptos space, it will make the market to go up a little high but i don't think the news would be enough to launch us into the kinda of bull run we witnessed last year because a lot have changed in the space during this year.

[andrejka]

To my mind it is more important than ETF decision. ETF will be definitaly postponed multiple times, but BAKKT will affect market in a strong way.
I hope it will be a start of bull run

I fully agree with you. ETF won't have direct impact on the crypto market because it doesn't imply direct buying/selling of cryptocurrencies, but investing in a fund, just like buying shares of the company which monitors dynamics of the concrete index. So in fact you won't own bitcoins when investing in ETF. Besides ETF will be hardly ever approved before March, 2019.

[andrejka]

Do we know what are the cryptos that will be included in BAKKT?

Not for now I guess, we have to wait for their further announcement regarding that.

Bakkt will be launched in November for testing and the real trading will begin in December so I'm waiting a huge bull run in December, 2019. BTC and ETH will make new ATHs in early 2019.

2019? they will test this year.
Bakkt Launch Set for Next Month, Institutional Investors Far More Involved in Bitcoin and Crypto Market Than Many Realize

BAKKT is another exchange site and then how could you  believe if that will give a huge impact in the crypto? With that product and that doesn't mean we will get another 100 billion marketcap.
It seems they are still testing their beta platform. Majority of investors and speculators are doing nothing right now.
We will see that will be expected by these guys.

It's not just another exchange. Just look at who is in charge of its implementation. Intercontinental Exchange which owns more than 23 stock exchanges all over the world including NYSE. Microsoft and Starbucks are also involved in developing and launching this "another exchange" like you say))

[SiverSurfer]

To my mind it is more important than ETF decision. ETF will be definitaly postponed multiple times, but BAKKT will affect market in a strong way.
I hope it will be a start of bull run

I fully agree with you. ETF won't have direct impact on the crypto market because it doesn't imply direct buying/selling of cryptocurrencies, but investing in a fund, just like buying shares of the company which monitors dynamics of the concrete index. So in fact you won't own bitcoins when investing in ETF. Besides ETF will be hardly ever approved before March, 2019.

Bakkt promised a 1:1 custodian, which means they have to buy from the market, which is good for demand