Starbucks going all in on cryptocurrency is the biggest news of the years for bincoin
becouse it pavas the way for a bitcoin ETF ACCORDING TO BK capital management founder braian
kelly starbucks the intercontinental Exchang (ICK) microsoft and bcg AMONG OTHERS ANNOUNCED
on fridayare working to launch a new company called bakkt along with enabling consumers
to use bitcoin and other cryptocurrencies at starbucks bakkt will
leverage microsoft cloud to create an open and regulated digital asset ecosystem ICE announced
on froday .
They ll now have u.s regulated exchange and tey have a licensed warehuse which is how aommodities
are store and that going to make it a lot easier for an ETF TO COME THROUGH KELLY A bitcoin enthusiast
said on CNBC fast money
starbucks and a major exchange taking cryptocurrency seriously could halp bitcoin break through
as a mainstream global currency it may also help boost cryptocurrency price which have struggled to
find footing since the end of 2017.
huge news said :--kelly who also manages blockchain focused BKCM digital asset fund
kelly said this development strikes at the heart of many cryptocurrency critics who argue
cryptocurrency are imoreactical
starbucks accepting cryptocurrencoes makes them much more mainstreem plus it means users can
soend their digital fortunes almost anyware
and ICE participation massively increases the chances of bitcoin exchange traded funds
ETF or baskets of related assets that trade on stock exchanges
they re talking about getting this is in your 401(K) re talking about in your fidelity or TD ameritrade
account you re going to be able to buy a bitcoin ETF a bitcoin mutual fund it expands the universe kely said