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Finally…Bakkt is set to launch today! And it could be great news for crypto investors

by , 23 September 2019
Finally…Bakkt is set to launch today!   And it could be great news for crypto investors
One year ago, the Intercontinental Exchange (ICE) - which owns the NYSE - revealed plans to launch a futures exchange and digital assets platform - called Bakkt.

Bakkt's goal?

To transform Bitcoin into a trusted global currency with broad usage. More importantly, make Bitcoin a more sound and secure offering for key players in the market who mostly shunned it…

I'm talking about the world's big financial institutions.

And to achieve this, ICE partnered with heavyweights like Microsoft, Boston Consulting Group, and Starbucks to name a few.

Initially, Bakkt was supposed to launch in November 2018, but it suffered numerous setbacks due to regulation and higher-than-expected interest.

Fast-forward one year later and the long-awaited launch is finally here!

What does this mean for cryptos investors?
“If you want to make a killing from cryptocurrencies – read this book as FAST as you bloody can!”
I’d like to rush you a copy of my book, Crypto Revolution, right away.
Inside you will find everything you need to understand this financial revolution…
And take maximum – potentially life-changing – advantage of it.
Including the name of the coin I am calling “The Bitcoin Killer”…
A cryptocurrency that could ultimately climb 20,000% from where it sits today.
That’s the kind of move that turns R2,500 into R500k over the longer term.
You’ll get the name of that crypto… my full case for why it could rise to become the #1 crypto in the world…
And my full analysis on the entire cryptocurrency landscape, all in my book.
Bitcoin futures market is open to the BIG investors
Bakkt, which began allowing clients to deposit bitcoin into its warehouse at the beginning of this month, will launch its so-called physical bitcoin futures contracts today.
Last week, Forbes reported that, “analysts and traders are expecting these physical bitcoin futures, which are contracts that pay out in the underlying cryptocurrency rather than in cash, to allow for unprecedented bitcoin and cryptocurrency growth.”
In short, this platform could see massive amounts of money making its way into bitcoin.
And not just from any investors, but from the multi-millionaire and billionaire institutional investors. 
While this is a huge move for bitcoin, there’s another reason why Bakkt could be a game-changer.
Must see:
Did you miss ANOTHER Triple-digit gain this last month?
Those canny Pickpocket Traders didn’t - this time an 389.61% gain from a USD/ZAR trade.
And this isn’t a one-off lucky strike. Since June, Trader X and his followers have banked gains of 22.52% from a European media company... 29.41% from Standard Chartered, 31.25% from BMW, 52.88% on Brent and 65.79% on Gold
It also aims to solve the issues regarding a Bitcoin ETF
So far, the Security Exchange Commission (SEC) has rejected around 10 Bitcoin ETFs and they highlighted the two main reasons why:
1. Lack of trusted price formation.
2. Reliance on futures markets and derivatives.
However, Bakkt’s new venture won’t allow Bitcoin to be traded on margin or leverage.
Bakkt said, “A critical element to price discovery is physical delivery. Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded. As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper claim on a real asset.”
In fact, the Bakkt exchange satisfies both requirements from the SEC. Now, if Bakkt continues to focus on finding a trusted price formation, it’s possible that it could positively impact the approval of the first bitcoin ETF.
If anything is going to kick-start crypto markets, it will be the launch of this service and its physically backed bitcoin futures.
And I’m not the only who thinks so…
Ahead of this launch, a closely-watched bitcoin price indicator has turned bullish and appears to be echoing moves seen in 2015 ahead of bitcoin's massive 2017 bull run, data from bitcoin and crypto exchange according to cryptocurrency trade site Coindesk.
To sum up, this is a great time to be invested in cryptos.
See you next week.
Joshua Benton,
Managing Editor, The South African Investor 
P.S. Investors haven’t only backed bitcoin to soar thanks to the launching of Bakkt, they also predict cryptos like this one could make even bigger gains. Continue reading here…

Finally…Bakkt is set to launch today! And it could be great news for crypto investors
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