Bitcoin’s decline in value late last month caught many by surprise, as the launch of Bakkt and other positive movements in the crypto space were expected to trigger substantial upward price movement. The fact that Bitcoin’s value is volatile and does not follow traditional wisdom is well known, and there has long been rumors of…
For over a year many crypto advocates have assumed that Bakkt would represent a major turning point in the crypto revolution, bridging the divide between blockchain assets and the traditional financial space. It has thus been surprising that the launch of the regulated futures exchange proved to be underwhelming, with only USD $600,000 in Bitcoin…