One of the great weaknesses of the crypto world, is the slowness in its relevance. And it is that, despite the importance that they have been buying the cryptocurrencies in recent times, are still far from their maximum potential. Something that they have understood well with the release of the physical contracts futures on Bitcoins of Bakkt.
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Institutional investors
The crypto world has expanded a lot and very quickly in the last few years. Especially from the year 2017, during the major bullish rally in the history of Bitcoin until now. The cryptocurrencies achieved great notoriety thanks to the media coverage of this event. Soon, however, the effect of this rally is stopped, when the wave of speculative that it served as the main momentum is also stopped. Which led to a fall in the price of Bitcoin, and as a result of the main cryptocurrencies on the market. Reflecting on this event, is that the growth in the price of the Bitcoin during this period, they gave an artificial. Not by an increase in its adoption and therefore the massification of its platform. But the entry of speculative capital, seeking quick profits. Which as quickly as they entered this market, abandoned it. The good news is that the cryptocurrencies still have a huge potential for the growth of its user base. Because there are still millions of people in the world, who would benefit from the adoption of the cryptocurrencies. But due to ignorance or a lack of an incentive, have not yet entered the market.
Options Bakkt
This is a situation known in the market. And that meant the main motivation for the launch of the physical contracts futures Bitcoin of Bakkt. For the same, have as a main goal the attraction of institutional investors to the crypto market. And is that, up to now, these great capitals had not been provided with a financial product physical and regulated by us authorities. That allows them to locate the large sums of money handled by these funds for investment in currencies like the Bitcoin. However, in a first moment, the contracts of Bakkt have not achieved the expected impact on the market. Not managing to attract the capital that is expected since its launch. What has led to the announcement of the next output options on these contracts through The Intercontinental Exchange (ICE). This with the purpose of serving as a leader of the market of futures Bakkt. Trying to attract from 9 December, when they will be released to the options, the more investments that we have been able to catch up to the times. This represents an important effort to increase the adoption of Bitcoin, and of the cryptocurrencies in general. A necessary element for the growth of the crypto world. And that makes this fact worthy of the title Data of the Day here in CriptoTendencia. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.