Well, there is no denying the fact that Bakkt has been one of the most awaited projects to date.
In fact, as of the present scenario, Bakkt is been perceived as a future main driver of not the bull market but also the crypto institutional adoption. Therefore, as per some experts, the launch of Bakkt might increase the probability of Bitcoin bulls shifting to a whole new height.
While one can’t deny the fact that the launch of Bakkt has taken more time than any other crypto community but there has always been a ray of hope as the wheels were seen moving. Moreover, as per the recent reports, the UAT(user acceptance testing) is scheduled on 22nd July, which proves the market won’t have to wait any longer.
As per the Fundstart Research reports,
“Bakkt’s launch is expected late in the current quarter.Bakkt could be a huge catalyst for institutional participation in the crypto market.”
An another report of Fundstart also mentions that :
“The CFTC is seeing growing demand and interest for bitcoin futures from the public.”
Moreover, the CIO of BlockTower, Ari Paul’s wholehearted participation in the Bakkt clearly indicates his positive hope for a wave of users into space.
Therefore as per the Fundstart’s report,
“Paul believes that retail adoption will be enormous once a killer app/UI makes crypto on-ramps safe, reliable, and as easy to use as PayPal.”