Why I am Bullish, ICE, and why still no Natashas
Info about ICEs digital asset trading platform
- name: Bakkt. “Bakkt” is a play on “backed,” as in “asset-backed securities,” and it’s meant to evoke a highly-trusted investment.
- partners: Microsoft, Starbucks, Boston Consulting Group
- goal: clear the way for major money managers to offer Bitcoin mutual funds, pension funds, and ETFs, as highly regulated, mainstream investments.
- targeted markets: 401ks and IRA
- targeted customers: big financial institutions
This is just the first phase of the business plan of Bakkt, the second phase aims to disrupt the world of retail payments by moving consumers from swiping credit cards to scanning their Bitcoin apps. Starbucks is the ideal partner for that, because they are already a leading player in the field of smartphone payments. And Microsoft with its Azure cloud is very innovative in the fields of invoice-processing and E-Commerce. The ICE is the world’s second largest owner of financial exchanges by revenue behind the CME, and one of the largest purveyors of market data. The New York Stock Exchange (NYSE), among 11 other exchanges, is owned by the ICE.
Another product that Bakkt is launching are Bitcoin Futures that are settled in BTC instead of Cash. With Bakkt, they are adressing the two most pressing problems for BTC adoption in the financial world:
an official trading exchange and safe storage for digital currencies on an institutional scale.
Many people underestimate how big this developements are and what transformative impact on the markets Bakkt could have.
Why I don't party lately?
take ETH, BTC, any... chart of your favorite coin, and answer me this question:
"when would you like to have bought it?"
And then when you look at that early low low... ask yourself, what was the sentiment back then? What people knew about this coin?
The odds are, if you were to buy it then, you would have bought it in these times, when there is blood on the street, fear and uncertainity... and identified the top projects.
That is what we are doing in the Premium channel, and that is what you should be doing now: finding projects with edges, projects that are next gen, ready for this new cycle - and buy them rock bottom.. and then hold.