{"id":396919,"date":"2019-09-24T12:00:47","date_gmt":"2019-09-24T12:00:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=396919"},"modified":"2024-06-11T13:25:44","modified_gmt":"2024-06-11T13:25:44","slug":"bakkt-not-tipping-point-for-bitcoin-adoption-cnbc-analysts-argue","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bakkt-not-tipping-point-for-bitcoin-adoption-cnbc-analysts-argue\/","title":{"rendered":"Bakkt Not Tipping Point for “Bitcoin Adoption”, CNBC Analysts Argue"},"content":{"rendered":"

On Sunday, a momentous occasion took place for the Bitcoin<\/a> industry: The Intercontinental Exchange-backed Bakkt launched its much-awaited Bitcoin futures contracts after nearly a year of regulatory setbacks and logistical hurdles.<\/p>\n

While many expected for there to be “fireworks” at the open, there weren’t. Indeed, as according to the Intercontinental Exchange\u2019s market data says that the product has processed a mere ~70 BTC in volumes for its first trading session, paling in comparison to, say, the CME\u2019s Bitcoin market.<\/a><\/p>\n

Bakkt Not the Best Thing Since Sliced Bread<\/h2>\n
According to CNBC’s latest episode of “Fast Money”<\/a>, Bakkt is not the best thing since sliced bread, despite what you might have read on Twitter just weeks or months ago. However, the exchange doesn’t come without its benefits.<\/p>\n
Brian Kelly, the chief executive of BKCM, argued that regulated and large-scale investment products like Bakkt will “tamper down the volatility” in Bitcoin markets. Volatility, of course, is what industry leaders like Litecoin creator Charlie Lee<\/a> will drive adoption.<\/p>\n
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As the NYSE parent Intercontinental Exchange launches bitcoin futures trading, @BKBrianKelly<\/a> breaks down what it means for the cryptocurrency. pic.twitter.com\/ronORISSXn<\/a><\/p>\n
— CNBC's Fast Money (@CNBCFastMoney) September 23, 2019<\/a><\/p><\/blockquote>\n