BAKKT

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btc 5$

wat the fuck does any of this mean? what is bakkt? please explain to a retard.

explain to retard pls

Lmfao. Max price fluxuation $5? Btc is a stock now?

it says minimum you fucking retard nigger learn to read, wtf fucking shameful display

ITT: retards not understanding how fucking huge this is and getting hung up on (derr, fife dollers).

This is the offering from ICE for institutional banks to buy and own actual bitcoins and not the futures market derivatives based on BTC price.

This is mega banks etc getting properly into Bitcoin and holding bitcoin as an asset, you bunch of fucking children.

do you really expect Jow Forums to read a whole paragraph? give them a fuckin break most of these kids are still taking their parents to school dances.

This is going to flop like cboe futures. Volume in the $xxM at best. This is nothing but a new crypto exchange.

>ITT: retards not understanding how fucking huge this is and getting hung up on (derr, fife dollers).
>This is the offering from ICE for institutional banks to buy and own actual bitcoins and not the futures market derivatives based on BTC price.
>This is mega banks etc getting properly into Bitcoin and holding bitcoin as an asset, you bunch of fucking children.
Wow Bitcoin is about to be a centralized majority owned piece of trash exactly what they were created to destroy. Institutional money will control your decentralized anti banker currency, congratulations.

I know you're trolling but when BAKKT comes, even 0.1 BTC will become out of reach to even the most powerful investors.
Think of the liquidity. You'd need to trade billions of dollars to move the price a few hundred points.
Think of the adoption. Alternate currencies with real utility will begin being actually used in stores, since the BTC chain is so exclusive and powerful to use.

Oh wait, you can't think. fucking retard

Imagine being this fucking stupid.

Even if Goldman Sachs held 90% of the worlds bitcoin, Bitcoin wouldn't be centralized or able to block.
The infrastructure remains decentralized, regardless of who owns what % of tokens.

>Lmfao. Max price fluxuation $5? Btc is a stock now?
BTC dead
buy XRP

So will we finally be able to cash out of crypto by shorting the futures and physically delivering our bitcoins when they come due?

>institutional banks
what does that even mean, every bank is an institution
>mega banks
Apparently just 'big'
>even 0.1 BTC will become out of reach to even the most powerful investors.
There are no billions in wait that want to get into btc but can't.

>There are no billions in wait that want to get into btc but can't.

You have no clue how much money is floating around out there, huh? The NYSE is the #1 stock market by cap globally with a marketcap of $23 trillion. NASDAQ is 2nd with a marketcap of $10 trillion. Some Japanese exchange is 3rd with $6.2 trillion. Number 20 on that list is the BME Spanish Exchange at $920 billion (a number well above crypto's all time high).

Crypto has a lot of room to grow you fucking dipshit

Seriously, why are we getting excited about more BTC futures? The CME futures already tanked the price to just above the mining cost of $6k USD. Adding more futures market is good for the price? Makes no sense. It's just going to tank the price further.

Because they are physically settled futures.
This implies institutional grade custody of BTC.

This is what is stopping institutional money getting into the space.

it's a nothingburger, just another exchange

>to buy and own actual bitcoins and not the futures market derivatives based on BTC price.
yea We've known that for weeks if not months, the market doesn't give a fuck

Have they already bought the BTC? How does that work?

they will only pretend and lie that they hold the actual asset while printing and selling empty IOUs thus suppressing the price as much as they want. They do that with all the other assets that could be a dangerous hedge for their jewish tricks (inflation)

Why in the absolute fuck do people say 'nothingburger' it is literally the gayest expression I've ever heard. You sound so fucking soi jfc

>Talking about trillions of loo laa funny money

There is like $500 billion of actual money circulating the earth everything else is just on computers to fool you into thinking there is lots of money. Most Billionaires can't even cash out.

Why are people still under the impression that "institutional money" is champing at the bit to get in on an obsolete cryptocurrency that has yet to produce a single use case, peaked in the public consciousness almost a year ago, and has been in massive decline ever since?

stay poor

To fleece normoids, which is their bread and butter...

t. angry poor npc not understanding what the hell is happening around him and increasingly lashing out to those that try to help him.

jesus christ, what a mega faggot you are. Keep sipping that soi-latté and kill yourself when btc hits 1 million/ a cone

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>1 million/ a cone
never gonna happen, we could possibly match gold's market cap but even that is a stretch and rather a long term goal

8pm to 6pm

Dump eeeet, in those 2 hours of no trading

I'm assuming richfag did not pay out, but I would still like confirmation

Its a trading and custodial service, think of Coinbase but next-level

>an ecosystem built to fight big banks
>"p-please banks pump my internet money pleaseeee let the banks buy bitcoins guise or else we'll stay poor :(("
How pathetic can you newfags get

ofcourse he didnt. the guy with the sharpie in the anus got quite mad.

never gonna make it.