How Bakkt will influence Bitcoin price?

[Morguk]

I don't think Bakkt will directly influence the price of BTC at all. However in the future when bigger players want to dabble in crypto, say as the next bull run comes, then they might want to be able to use Bakkt for institutional plays. That's when it will indirectly increase the price of BTC.

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[Vaculin]

I don't think Bakkt will directly influence the price of BTC at all. However in the future when bigger players want to dabble in crypto, say as the next bull run comes, then they might want to be able to use Bakkt for institutional plays. That's when it will indirectly increase the price of BTC.

At this early stage we will not feel its effect yet but in the long run, it will be a big help to increase the adoption in the market.
The current situation surely is not purely cause by Bakkt launch which people sell the news as this happens after it was release, if it is, its suppose to happen weeks before the launch.

I'm very positive of Bakkt regarding its contribution in the market, bitcoin is just getting stable with this big platform getting on board in the market.

[Ayiranorea]

In my opinion Bakkt will affect the price of bitcoin.  The price of bitcoin will experience a sharp increase. Because Bakkt is a crypto platform created by large and trusted companies and this has the potential to attract large capital to the crypto market. The demand for bitcoin will increase and prices will increase.

Majority of the users believed everything that has been stated by you will take place by the launch. To the expectation it hasn't gained good support. Less than 100 bitcoin got distributed through the futures contract. Some play has been performed to outlaw the progress of Bakkt. It is a very early stage. Hope things will change slowly when the market slowly recover from the immediate drop.

[serjent05]

I don't think Bakkt will directly influence the price of BTC at all. However in the future when bigger players want to dabble in crypto, say as the next bull run comes, then they might want to be able to use Bakkt for institutional plays. That's when it will indirectly increase the price of BTC.

It will directly influence the price of BTC since they are trading Bitcoin backed futures (meaning they can give or take certain demand out of the Bitcoin market).  But to what extent is still unknown.  We see BAKKT is still on its intial stage of gathering clients, so we do not see any substancial effect of it on the market.   I think we a bit of patience to see the actual affect of this platform to the Bitcoin industry.

In my opinion Bakkt will affect the price of bitcoin.  The price of bitcoin will experience a sharp increase. Because Bakkt is a crypto platform created by large and trusted companies and this has the potential to attract large capital to the crypto market. The demand for bitcoin will increase and prices will increase.

Majority of the users believed everything that has been stated by you will take place by the launch. To the expectation it hasn't gained good support. Less than 100 bitcoin got distributed through the futures contract. Some play has been performed to outlaw the progress of Bakkt. It is a very early stage. Hope things will change slowly when the market slowly recover from the immediate drop.

I believe Bakkt had been accumulating on its early phase, so when it launched the Bitcoin needed is ready to fill the demand of their initial clients.

[vintages]

I don't think Bakkt will directly influence the price of BTC at all. However in the future when bigger players want to dabble in crypto, say as the next bull run comes, then they might want to be able to use Bakkt for institutional plays. That's when it will indirectly increase the price of BTC.

I feel it will be more indirectly than directly.
We can not however judge it effectiveness on Bitcoin price because it is on it early stage.
On the long run, we will be quite sure to certain level whether it influence on Bitcoin price is been natural and not hyped.

[senne]

The recent correction in the price of bitcoin is indeed because of the underwhelming response from the bakkt. But this doesn't mean that the situation won't change in future. Bakkt is the first Bitcoin futures trading platform which is federally regulated. It was the lack of regulatory framework which kept institutional investors at bay. But bakkt gives a safe platform and solves the purpose. This is surely gonna bring in institutional money in the system.

Though the recent slump did show that there isn't much correlation between the btc price and the bakkt. But that is purely because of the not up to the point response. This is expected to change in future.

[Herbert2020]

I don't think Bakkt will directly influence the price of BTC at all. However in the future when bigger players want to dabble in crypto, say as the next bull run comes, then they might want to be able to use Bakkt for institutional plays. That's when it will indirectly increase the price of BTC.

It will directly influence the price of BTC since they are trading Bitcoin backed futures (meaning they can give or take certain demand out of the Bitcoin market).  But to what extent is still unknown.  We see BAKKT is still on its intial stage of gathering clients, so we do not see any substancial effect of it on the market.   I think we a bit of patience to see the actual affect of this platform to the Bitcoin industry.

the thing about Bakkt is to introduce bitcoin to a new crowd not to those who already knew about it or were using it before. so it should technically bring new demand into the bitcoin market. but we can't really expect it to happen overnight or in the first week of their launch. it will be a slow process but it will bring in new investors and will definitely introduce bitcoin to a much larger crowd.

[BitHodler]

the thing about Bakkt is to introduce bitcoin to a new crowd not to those who already knew about it or were using it before. so it should technically bring new demand into the bitcoin market.

I would love to have that be the case, but I doubt it. It's not that retailers or institutions experience problems entering this space without Bakkt. It can be done through the many spot exchanges or through derivatives.

It's important to highlight the fact that not everyone is interested in Bitcoin for its fundamentals, which means that they have no problems holding derivatives with how they are only out to capture the exposure.

I surely believe that not everyone is open to invest in Bitcoin, but it's hard to imagine that people don't know of Bitcoin's existence yet, unless they have been living under a rock.

[1Referee]

I would love to have that be the case, but I doubt it. It's not that retailers or institutions experience problems entering this space without Bakkt. It can be done through the many spot exchanges or through derivatives.

There is a shortage of legacy institutions offering a secure and more importantly, trusted way to buy Bitcoin. I have been in Bitcoin for years now, and I still don't feel too comfortable wiring money to any of the current top regulated crypto exchanges. I'm pretty sure that a lot of people are only willing to step in when they see the household brands of the legacy financial world offer these services.

People have ridiculous expectations of Bakkt so early on. Calm down. I am confident that Bakkt will do at least 1000BTC per day on their monthly contracts before the block halving kicks in. That means brokerages have had the time to sign up to Bakkt, get the paperwork done, and offer these futures to their own clients. The more brokerages tap into Bakkt's platform, the more clients there are to reach who not knowing what Bakkt is.

[Reid]

I dont think so.

But there will be a lot of movements.
Who knows how every human being thinks? I am looking at some of them buying this Bakkt in exchange for their bitcoin.
For me it could be a foolish move for it is just like riding the hype which happened before with Wave.

Give it three months maybe then it will be back to normal. Also, this is just some normal movement for bitcoin. The abnormal is going 20k again.

[legendster]

I don't think Bakkt will directly influence the price of BTC at all. However in the future when bigger players want to dabble in crypto, say as the next bull run comes, then they might want to be able to use Bakkt for institutional plays. That's when it will indirectly increase the price of BTC.

Just a few days ago people were losing their marbles as they were harking the launch of Bakkt and how it coincided with a falling wedge pattern on the 4 hour scale of the BTC/USD chart. It really looked that way for a while and then we all know how it went kaput.

If I am not wrong, this is the largest slide of Bitcoin this year and it directly coincides with the launch of Bakkt. So if you say that Bakkt will not directly influence Bitcoin prices, then I would like you to reconsider your opinion. Because all this cannot be just a coincidence.