ivomm
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October 30, 2018, 12:52:20 PM
Merited by JayJuanGee (1)

...

I dunno why bit I’m not expecting BAKKT to have that much of an effect on the price. I remember similar hope when Gemini were about to open their doors only for it to turn into a limp dick.

Will BAKKT give us a big pump?

Acutally, we don't need a short pump. The effect of bakkt (like the halvening) will be felt after several months. The first Bakkt product will be physically settled and delivered 1 day Bitcoin futures (Bitcoin “backed” contracts). Meaning you trade futures each day, but then you get 1 Bitcoin in your Bitcoin balance from a contract. It is almost certain that ICE will buy Bitcoins via OTC deals from Gemini and other exchanges (Coinbase, Bitstamp and Kraken). This should lead to a gradual rise of the price in 2019.