It’s finally coming
“Finally”… I felt that Save the date
Any predictions as to what this will do for price in the short term?
I was thinking it could an another “buy the rumour, sell the news” event, causing a dump on 23rd September…but current bitcoin price is quite flat.
Price predictions are a fool’s errand in the crypto space imho.
Yeah, the rumour has been long bought on this one. Think the market is hesitant as to whether Bakkt will be a force for bullish or bearish price discovery though.
Personally, I just think this is good long term progress in terms of laying infrastructure/adoption foundations.
Anyone got a quick summary for Bakkt?
How do you even physically deliver a bitcoin?
Unlike cash-settled futures contracts, such as what CME offers, customers receive the actual bitcoin they bet on when a contract expires, rather than the fiat equivalent.
Also @Jonny this can also serve as a quick summary
Post from the COO of Bakkt:
Bloomberg have a better one: