Breaking News; Bakkt Raises $182 Million, What it Means for the State of Bitcoin Industry
“Our work today is centered on driving institutional access for digital assets, along with merchant and consumer uses, and we’re already expanding on this vision, collaborating with great companies like Starbucks in these efforts” -Bakkt CEO Kelly Loeffler.
Not All About the Bitcoin Price
As of December 31, the Bitcoin price remains down 80 percent from its all-time high at $19,500 and is en route to ending the year in the midst of a steep sell-off and a deep bear market.
But, according to Bakkt CEO Kelly Loeffler, 2018 has been the most active year for the Bitcoin and cryptocurrency industry, as it saw significant progress in strengthening the infrastructure supporting the asset class.
In December alone, Bakkt secured a $182 million investment from major venture capital and technology conglomerates, and ErisX, another U.S.-based cryptocurrency futures market, received $27.5 million from Nasdaq and Fidelity. Please Read More Here
