Red Alert from crypto investor and 25-year banking pro:
I will say it til I am blue in the face--the BAKKT Exchange is being set up to CONTROL cryptos, NOT HELP THEM!
These are the very same criminals who took over our free markets in the 1970s with computers and derivatives. ALL the BAKKT Exchange will do is take the LIMITED SUPPLY of any crypto it trades and increase it by THOUSANDS of crypto derivatives to be used for manipulation! That means price supression for decades.
To steal a term from the movie <em>Ghost Busters: BAKKT and ICE are GOZAR THE DESTROYER!
Just ask silver or gold investors what they think of the SLV or GLD or COMEX or LBMA which trade 100x the underlying supply of the REAL asset! Same mechanism used against the small retail investor.
WAKE UP MY FRIENDS!
The only way to WIN this game is to be our own DESTROYER and call for the take-down of large derivative holders like Deutsche Bank and JP Morgan. Only then will we finally see real value in FREE TRADE!
“We’ll share more about some of these new features in the coming weeks but as a start, I’m pleased to announce that we have insurance for bitcoin in cold storage and are in the process of securing insurance for the warm wallet within the Bakkt Warehouse architecture,” she said.
I'll be honest, I'd be surprised if it even went live in January 2019. They have a bunch of really tough problems to solve between now and then. Bureaucratic red tape and insurance compliance is no joke -- yet, Bakkt is going to need to comply with all of it. But once it goes live, I expect a stampede into crypto. (Note, however, that I've been expecting the stampede since $1,200/eth. So, yeah.)
Lol. My opinion on Reddit *can’t* be the market sentiment because I’m so often out of sync with market sentiment. But not always, sometimes I agree with the market price. So, pretty much my opinion is worthless. Except to me, of course. I have a pretty over-inflated sense of my own investing prowess.