Bakkt 👀

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It’s finally coming :raised_hands:t4:

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“Finally”… I felt that :sob: Save the date :spiral_calendar:

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? :smiley:

:joy:

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 :arrow_up:

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Post from the COO of Bakkt:

Bloomberg have a better one: