Do you believe Bakkt can start the next bull run?

[AltcoinTradingSignal.com]

Bakkt will be launching on December 12th and I believe it will be huge for the crypto ecosystem. EG: physical bitcoin futures which is much different than CME futures, secure custody, huge partnerships with companies like Microsoft and Starbucks, and most importantly, it will attract institutional money.
www.altcointradingsignal.com/bakkt-explained-a-nyse-bitcoin-futures-platform

I'm curious, if this news was released last year at this time what do you think it would have done to the price? Because this is the most bullish news I've heard in a while and its done nothing to the price.

[gentlemand]

It won't do anything to the price. It will enable more powerful moves when a bull run comes, but it won't create one. Booms and busts are organic creations that can't be sparked or prevented by anything. They're going to happen no matter what. I expect that if it had been around during the bubble it would've been bigger, no idea how much bigger.

[Obiwankenodium]

The next bull run will start if fresh money will flow into the market. Do you think Bakkt will attract fresh money?

[Hivalley]

It depends on the situation of the market when bakkt is gonna be launched,i do not really think bakkt will have much influence on the price of the bitcoin at the moment,it could maybe later on

[coinwizard_]

It's about putting all the right pieces in the right places. Once bakkt has been implemented then there is nothing to worry about because the next bull run is going to be mahoosive!

[maxilopez]

it means that the market should move now because the market has not responded to this all. It seems to me that whales know when it is necessary to push the price up

[airdagon]

this is good news and good development. I think that Bakkt decision will only create a small bullish market. so, this year we will not see a big bull market like the end of 2017.

My prediction is that Bakkt will give the price of bitcoin up to $ 6900.

[hadveach]

Bakkt has a very fast development, even Bakkt will compete with Paypal. and I see that Bakkt cannot influence the bearish market.

but, if Bakkt is able to provide good service for bitcoin users, then Bakkt will create short and small bullish markets.

[jointherevolution]

I think Bakkt will help in this situation. Maybe not for the bull run we hope, not crazy amounts but it will help. Something more is needed for a good bull run.

[pooya87]

i think it can because of two things. the most important reason is that it is now time for a rise. we have had couple of months of drop and then a couple of months of stability where price stayed at the bottom. now we are getting close to the next phase which is the rises. although it won't be a big bull run at first but a rise nonetheless. and also because it is hyped up a lot and people are starting to expect good things.

but the real question that we should be asking in my opinion is whether Bakkt is good for bitcoin or not? we shouldn't just be blinded by the hype and the hope of a rise because we are desperate for a rise enough to cling to anything! we should see what that "thing" does to bitcoin in the long run. for instance ETF is more bad than good for bitcoin. i still don't know what Bakkt is going to be for bitcoin though...

[QuestionAuthority]

Bakkt can begin to operate a Bitcoin futures market without direct approval from the CFTC by filing a license application prior to its launch on December 12. The kicker is whether or not the filing is accepted and approved. The Bakkt exchange satisfies both requirements from the SEC if Bakkt continues to establish its focus on finding a trusted price formation. The Winklevoss Bitcoin ETF filed with the Bats BZX Exchange failed twice because strictly regulated exchanges like Gemini operating in the US market with a proper license are still not resistant to manipulation so there is still a risk involved in basing the base value of a bitcoin ETF on the price listed on exchanges. A centralized entity controling access to cryptocurrencies is not a good thing because they can ban or block users at will. This is the first major step toward sacrificing decentralization for profit. Here’s a good idea, let’s centralize and institutionalize bitcoin. I hate both companies (Microsoft and Starbucks) so I hope they invest a ton of cash only to crash and burn. LOL

[Kakmakr]

You sound very confident that Bakkt will be approved, so I am not going to burst your bubble and I will play along with this.  If this is approved <Which I doubt> then institutional capital will start to dominate the Bitcoin scene, because they have enough funds to steer the price in a specific direction.

They can pump and also dump futures at will, so I expect higher volatility when they enter the market.    The question is, if we want to the institutional capital to dominate the Bitcoin market? <old money>