Just 7 Days To Go
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Bakkt launches in just 7 days and so far the price trend seems to be downward.
After waiting nearly 18 months for Bakkt to launch we are just one week out. What was thought to be the single system that would bring in floods of money might actually turn into nothing or simply wash bitcoins profits.
Bakkt has in the passed however been a bullish beacon every time it was brought up. But since then things have changed in terms of other system already somewhat providing what Bakkt is currently providing.
That being said it seems like Bakkt at the moment wont spark a bullish trend and instead simply help bitcoin find its real price. That price could end up being lower and seems to be the overall trend here lately. At least in the short term till we move into next year when bitcoin gets halved.
What are your thoughts on the upcoming Bakkt launch ?
I am preparing for the same or lower. The enthusiasm that was in crypto (or at least bitcoin) 2 months ago has by and large drained out. I don't see much short of a couple thousand bucks rally doing much to bring that back. Any lift from Bakkt is already baked into the price, I think.
I think Bakkt is not only going to be good for Crypto, but for money waiting on the Wall Street sidelines to get a piece of the action as well, but this will only happen over time.
@bitcoinflood, In my opinion BAKKT can create Stability in prices because whatever Institutional Investors do, it's huge and investments flow in high amounts. So i am hoping for the best.
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