BAKKT 12.12
December 12 will be a new benchmark for cryptoindustry. A new era will begin: in the technology maturity cycle, the lowest point of frustration will be passed and the breakthrough time will begin. Sorry, Buffett, but the "rat poison" will begin to acquire the brilliance of "digital gold." Not in words, but in deeds. The true “whales” of the investment business will get access to their familiar infrastructure, which will be the driver for the growth of Bitcoin to new records. With the advent of a regulated site with clearing and a depositary, barriers to adoption will be finally eliminated - opening gateways for institutional investors' capital will accelerate both the development of the blockchain and the regulatory framework required for this.
Many crypto enthusiasts “go underground”, because what comes with Bakkt - the emergence of an intermediary between the buyer and the seller of cryptocurrency, that is, greater centralization - looks like a “two-faced standarts” and a departure from Satoshi's precepts. But this is how the world works, without this step it’s hard to imagine how many years it would take for a cryptoeconomy to acquire strong support in the form of mutual funds, pension funds and hedge funds. A kind of bridge between the world of the "crypt" and the capital of large investors will be strengthened. Today, the bridge is in the form of pontoons, like Swap Execution Facilities, but it’s rather “exotic”. Bakkt replicates the ICE ecosystem for trading digital assets, removing the headache of both the gigantic Goldman Sachs, JP Morgan and Morgan Stanley, as well as ordinary investors, who have looked askance at many crypto sites and the recurring scandals around them.