Bakkt, a digital asset platform created by the Intercontinental Exchange, has completed its first funding round, securing an investment from Li Ka-shing, a renowned Hong Kong billionaire and one of the wealthiest men on the planet.
I agree that helped, but I meant institutionally in the sense that VCs and more traditional financial funds seem to seem to be injecting money into various companies involved in crypto. When I see that level kind of support and the amount of money these companies are raising in their series a, b's....etc. I think it's a very good sign that we are in the early stages laying the groundwork for what's to come.
I'm not sure this is something to celebrate? With what's going on with Gemini are we to pretend the same but worse won't happen with bakkt?
Don't get me wrong I would much rather see a physically backed marketplace, but isn't the same monopolization techniques going to occour? Are we not going to see the same "everywhere else is bad we are good" lobbying happen and then massive centralization that forces customers to this platform?
Then when it gets "hacked" or some bad news about regulation hits the market we are all going to watch the market tank.
The rich investing in monopolistic enterprises usually turns out to only benefit the top 0.1%
Due to government shutdown they say that their licenses wouldn't be ready in time..I haven't been able to confirm for sure from BAKKT but I have confluence from several other sources saying yes it's delayed