Posted 2 years ago | by Bethany Armstrong
Bitcoin Hopium - Mark your calendars, because Bakkt has finally set a date for its release. That date is September 23 and Bakkt is calling it the “ambitious vision” to merge institutional infrastructure to digital assets with an end-to-end regulated marketplace.
Bakkt received the green light of approval from the New York State Department of Finance. While details are forthcoming, what makes Bakkt unique is that they will offer daily contracts. This allows investors to jump on board.
While September 23 is quickly approaching, this is actually not their original launch date. Originally, Bakkt had planned to announce a launch date in December 2018. However, due to regulatory hold ups, that date was pushed back. In May 2019, Bakkt announced that its future contracts were now self-certified through the CFTC. June 2019, Bakkt announced that user acceptance testing to begin on July 22. Now, September is the date to highlight.
Bakkt(Bitcoin Hopium) will be the first of its kind to develop this type of market, but the competition is growing.
Many investors believe that institutional FOMO (fear of missing out) could push the Bitcoin price back towards $20k.