A combination between Bakkt and the bitcoin ETFs could make the cryptocurrency market reach new highs, let's start by remembering that in December the bitcoin futures took us from 10 thousand dollars to 20 thousand dollars in about two weeks, after that we have had a correction, sharpened in turn by the manipulation of those futures contracts, the same could happen with the ETFs and Bakkt.
It is well known that many ETFs are sounding and sooner or later they will end up authorizing, well there is a startup called Bakkt which is a partnership between Microsoft, Starbucks, and the New York Stock Exchange and which is said to be the one that comes to solve the problems that bitcoin has around authorization of ETFs by the SEC, this can happen if, but as we saw that the futures were the main reason for the rise in the price of bitcoin in December and then we had a correction and at this moment we ask ourselves where the price goes because every time bitcoin has wanted to raise the future have been there to sharpen the crisis, is a competitor that did not exist before.
Before there was not a market that allowed investors to bet down and that big market is represented in bitcoin futures, this could also happen with ETFs, since they surely do not want the same thing that we want, it is very It is possible that Bakkt will allow the SEC to authorize the ETFs since they would provide a secure trade support through regulations and liquidity, since the lack of this is an easy market to manipulate because it is young and has a low capitalization, it is more volatile, although It is from this volatility that great opportunities are seen.
The objectives between the investors of Wall Street and those that we have the investors of the crypto market are different, since in principle what you want with bitcoin is to change the mentality of how we handle our money, because with bitcoin the value is based on the holding , while wall street investors want to take us back to traditional banking where the money is based on debt, a system that has failed and which we are tired of trusting and that we have to rescue frequently with money from Citizens, we need to see bitcoin as a means of payment, as a reserve of value or even as a means of investment, and not only because of its price.