For the Bitcoin exchange rate was considered the Start of the Bakkt Bitcoin Futures so far, as a potent essential catalyst. So far, of those shows, however, distinctly unimpressed: The course of the largest Cryptocurrency according to market capitalization occurs resistant on the spot.
By Phillip Horch
24. September 2019BTC$9.508,77 -3.43%part Facebook Twitter LinkedIn xing mail
The Bitcoin price is struggling with the 10,000 US-Dollar-brand – tendency: falling. It is also the Start of the Bakkt BTC Futures at the 23. September nothing change. So far, it ran relatively quiet in the first 24 hours, the trade volume of the Bitcoin Futures 72 BTC.
Bakkt Futures: Exclusively for instutionelle investors
In an Interview with the news magazine CNN Bakkt COO Adam White was nevertheless optimistic. Especially the fact that the regulated Bitcoin exchange rate determination is a step forward for the crypto-scene:
This is a great day – not only for Bakkt and the International Exchange (ICE), but for the whole Ecosystem. For the first Time, we have a fully-regulated marketplace in order to determine the Bitcoin exchange rate.
Furthermore, White stated that the Futures from the house of Bakkt are clearly focused on institutional investors.
Available Bitcoin exchange rate predictions by BTC Futures
In addition, White noted that one could see from the date of the assessment of the investors ‘ contracts. Since these bets on the Bitcoin price, one could estimate what they think the future Price of crypto currency. Here were to White due to the monthly Futures even larger and forecasting:
Our monthly contracts run out after 12 months. Trader will be based on the price curve, to see where the Bitcoin can develop the course. […] We hope to find by Bakkt of the process, the Bitcoin rate, is affected positively.
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Ultimately, the Bitcoin is used to select the course directly at Bakkt, which suggests, in turn, more security. This Bakkt wants to achieve, to give the Ecosystem a more serious painting.
Finally, Adam White, could be read even a possible influence of the upcoming Bitcoin Halvings of the Bakkt Futures.
The entire Interview can be seen here:
The first $BTC futures exchange @Bakkt launches today-backed by @NYSE parent to ICE, $MSFT & others – what does it mean for cryptocurrency pricing now and in the future? @Bakkt COO @WhiteAdamL joins @first move to tell all pic.twitter.com/eTUboaAd3b
— Julia Chatterley (@jchatterleyCNN) September 23, 2019
BTC Futures and the price of Bitcoin
In the past, the introduction of futures contracts by the Chicago Board of option exchanges correlated with a sharp rise in the Bitcoin price. So the Price of the crypto-currency in December, has rapidly developed, until he was scratching at the $ 20,000 mark. Just as quickly, he crashed, but then again, both events brought with the introduction of Futures in connection. With these, you can bet on the Bitcoin course history, and thus, a negative Price performance benefit.
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Bakkt: The initialzün thing for the Bitcoin adaptation – The freedom of expression ECHO the Bitcoin ETF: VanECK-application withdrawn Bitcoin course: 5 scenarios, the crypto-market#Bakkt#Bitcoin influence course#Futures
