{"id":803,"date":"2018-11-08T18:49:17","date_gmt":"2018-11-08T15:49:17","guid":{"rendered":"https:\/\/www.wildtornado.casino\/blog\/?p=803"},"modified":"2021-06-03T15:49:28","modified_gmt":"2021-06-03T12:49:28","slug":"bakkt-as-a-catalyst-for-a-bitcoin-bull-run","status":"publish","type":"post","link":"https:\/\/www.wildtornado16.casino\/blog\/casino\/bakkt-as-a-catalyst-for-a-bitcoin-bull-run\/","title":{"rendered":"Bakkt As A Catalyst For a Bitcoin Bull Run?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The Bakkt platform has revealed the possibility of one-day bitcoin futures. Will this spike a &#8216;bitcoin revolution&#8217; in the near future?<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The Intercontinental Exchange (ICE) announced on the 3rd of August the release of a cryptocurrency platform known as Bakkt. The platform is supported by giant firms in the market <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">like Microsoft, BCG, and Starbucks. Its primary objective will be to offer a \u201cscalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security, and utility.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The news spread wild and wide in the crypto world as specialists, entrepreneurs, and analysts speculated on the idea. In this blog post, I have covered the significance of this development in the cryptocurrency markets. Nonetheless, it is prudent to know the big fish behind the project first. <\/span><\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2><b>What Are Intercontinental Exchanges?<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Intercontinental Exchanges (ICE) is the body running 23 regulated exchanges and six clearinghouses in the world. In short, ICE is the owner of the world&#8217;s biggest exchange, New York Stock Exchanges.<\/span><\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h2><b>Bakkt Explained<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Bakkt is a platform owned by ICE that will enable institutional investors to access and use their <a href=\"https:\/\/wildtornado.casino\/blog\/crypto\/best-bitcoin-casino-games\/\">crypto coins<\/a>. Additionally, the platform will work as bitcoin warehouse as well as feature one-day BTC futures. Thus, the Bakkt platform will obtain the physical bitcoin that will become the primary stronghold of the BTC futures.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">As a result, investors will not be required to create e-wallets to be able to manage their cryptocurrency exchange accounts. According to an official announcement from Bakkt, unlike the current bitcoin futures contracts, the platform will neither offer<\/span><span style=\"font-weight: 400;\"> its members opportunities of marginal trading<\/span><span style=\"font-weight: 400;\"> nor utilize leverage. Instead, it will enable people and institutions to buy, sell, store and spend digital assets seamlessly.<\/span><\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2><b>Why Is The Bakkt Platform Crucial To The Crypto World?<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The crypto world is on the constant push for the conventional acquisition of <\/span><span style=\"font-weight: 400;\">electronic<\/span><span style=\"font-weight: 400;\"> assets. Thus, the introduction of Bakkt is seen as significant progress in achieving it. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This platform will help classic investors, who still doubt the functionality of cryptocurrency and markets, <\/span><span style=\"font-weight: 400;\">gain more trust in virtual assets.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It is also worth mentioning that Bakkt will attract many big investors in the crypto world as it is affiliated to popular brands.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The platform will act as a portal and a doorway to potential institutional investors which will enable the crypto world to access more money for research and development of innovative ideas of crypto.\u00a0<\/span><span style=\"font-weight: 400;\">Furthermore, the Bakkt platform will help in eradicating or controlling price manipulation which has been witnessed in the crypto market in the past years.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Importantly, the scope of liquidity ICE is ready to provide is a far cry from what any existing biggest cryptocurrency exchange can offer. Specifically, the assets under its control add up to $78 bln with just under a $6 bln revenue.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The above-mentioned factors indicate the Bakkt could be a driving force behind the next bull run in the cryptocurrency realm.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><\/h2>\n<h2><b>Physical <\/b><b>BTC<\/b><b> Futures<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Bakkt also<\/span> <span style=\"font-weight: 400;\">revealed<\/span><span style=\"font-weight: 400;\"> that the first contracts would be physically delivered bitcoin futures contracts against fiat currencies such as USD, GBP, and EUR.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Moreover, <\/span><span style=\"font-weight: 400;\">as it was stated<\/span><span style=\"font-weight: 400;\"> the purchase of one USD\/h2TC futures contract would unlock a daily delivery of one bitcoin to the investor.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">These echoes the statement released in August that the platform will not provide &#8220;paper claims on real assets.&#8221; Essentially, Bakkt will focus on directly trading bitcoin.<\/span><\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2><b>The Bottom Line<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">There have been many developments in the crypto world in 2018, and the launch of Bakkt seems to be the most significant. There is no doubt that approval or disapproval of Bakkt platform by CFTC will affect the market. Thus, it is crucial for investors to stay updated.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>To remind you, ICE is planning to launch their groundbreaking platform in December.<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><span style=\"font-weight: 400;\">The best way to get the latest information as an experienced investor is to keep your eyes peeled to our blog. <a href=\"https:\/\/www.wildtornado.casino\">WildTornado<\/a> will make sure each important crypto news is delivered into the ears of our readers.<\/span><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<blockquote><p>While you are here, let us also show you the gateway to the innovative and juicy fruits of the crypto revolution &#8211; <a href=\"https:\/\/www.wildtornado.casino\/games\/btc_games\">BTC Games<\/a>. Not capitalizing on their numerous beneficial features equates to committing a crime against your prosperous future-self!<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Bakkt platform has revealed the possibility of one-day bitcoin futures. Will this spike a &#8216;bitcoin revolution&#8217;<\/p>\n","protected":false},"author":2,"featured_media":801,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_canonical":"","inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[],"ppma_author":[409],"class_list":["post-803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bakkt As A Catalyst For a Bitcoin Bull Run? - WildTornado Blog<\/title>\n<meta name=\"description\" content=\"Bakkt, the upcoming cryptocurrency platform owned by ICE, is said to make huge waves in the crypto world due to its innovative features. 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