BAKKT and its affect

[Abdulrahman3 1252]

Perhaps BAKKT is working hard to raise the price of Bitcoin, but in the event that the Bitcoin whales do not want that, make sure that this will not happen, so the world of cryptocurrency like others needs a lot of relationships in order for things to work as we want.

[Sykkuno 2887]

Bakkt and the interests behind it as well as the people involved and their operations made me very sceptical that they treat Bitcoin as a way for other results they wanted to achieve, I am glad the elections weren't favoring the bakkt leadership and some people should know better that the Bitcoin community has some very bright people that find easily what happens. Whatever Bakkt did, or CME it didn't help Bitcoin as some people thought it would, it was another way of speculate on Bitcoin however it wasn't a way to invest as perhaps only Grayscale made this happen.

[tienda 8776]

I think the Bitcoin price improve is not depended on about one company or person, is depended on about all parties. This is the good of Bitcoin, is not managed or controlled by one person or group. The Bitcoin market is opened for anybody and is managed by sellers and buyers.

[bogdanoff 3173]

It didn't have a positive effect as we have seen. I think that Bakkt is more important than CME but when it was opened, the interest was very low. CME is more speculative as Bakkt has this option for trading to settle with the delivery of Bitcoin in the wallet of the trader. CME is about speculation only, so Bakkt was probably going to be better for institutions, but it has still low volumes even now that there is institutional interest.

[Whited35 15285]

On 12/17/2020 at 7:42 PM, TimopheyKa said:

In fact, I believe that these are extremely false thoughts, because it is unlikely that the exchange would be able to somehow change the performance of bitcoin, although now it is quite actively traded. I am interested in this exchange, because I have never encountered it

Good point is here. Markets can be slightly influenced if the platforms is approaching to purchase a huge amount of Bitcoin otherwise just some movements created by trading platforms like BAKKT has nothing to do for a significant change in price of Bitcoin as it is backed by a huge crypto community. 

[kryptonick 2659]

I haven't heard anything about BAKKT for so long. It was something that was long time expected and when it was launched in 2019 it was proven only hype. Lately there hasn't been any news at all about this exchange. It was supposed to bring insitutions in Bitcoin, but maybe the institutions prefer to pay Grayscale for custody of the Bitcoin they buy.