{"id":396806,"date":"2019-09-22T21:00:02","date_gmt":"2019-09-22T21:00:02","guid":{"rendered":"https:\/\/ktsl888.com\/?p=396806"},"modified":"2019-09-22T17:58:53","modified_gmt":"2019-09-22T17:58:53","slug":"crypto-twitter-divided-over-bakkt-50-expect-the-bitcoin-futures-to-flop","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-twitter-divided-over-bakkt-50-expect-the-bitcoin-futures-to-flop\/","title":{"rendered":"Crypto Twitter Divided Over Bakkt; 50% Expect the Bitcoin Futures to “Flop”"},"content":{"rendered":"

It’s time, guys and gals: Bakkt is finally here. Shortly after the publishing of this article, the Bitcoin<\/a> (BTC) futures contracts from the much-ballyhooed exchange will finally be going live.<\/p>\n

As\u00a0spotted by analyst Salsa Tekila<\/a>, the physically-deliverable contracts from Bakkt will begin trading at 7:55 PM Eastern Standard Time (EST) \u2014 this translates to 4:55 PM for those on the West Coast, 12:55 AM for those in jolly old England, and 7:55 AM for those in Hong Kong, Singapore, etc.<\/p>\n

https:\/\/twitter.com\/SalsaTekila\/status\/91462912<\/p>\n

If you were to ask Bitcoin investors after the announcement of Bakkt in late-2018, most would say that this event will be decidedly bullish for BTC.<\/p>\n

But interestingly, the times have changed. There are now hundreds of investors and analysts on Twitter that expecting for the Bakkt launch to go south, creating the potential for at least a short-term drop.<\/p>\n

Related Reading: Whales Transfer Massive Amounts of Bitcoin as Bakkt Opens Warehouse Custody<\/a><\/h6>\n

Bakkt Bitcoin Futures, the Best Thing Since Sliced Bread?<\/strong><\/h2>\n

According to many optimists, Bakkt’s Bitcoin futures are the best thing since sliced bread.<\/p>\n

But, not everyone thinks this way. Analyst Alex Kr\u00fcger recently conducted a poll, asking his followers if they think that Bakkt will flop out of the gates or launch successfully. Out of the 2,000 votes so far, 50% think that the platform will flop.<\/p>\n

Crazy, especially when you consider that everyone and their dog was bullish on the exchange earlier this year.<\/p>\n

\n

CME bitcoin futures traded $460 million on its first week. Current volume is around $700 million. The Van Eck fake ETF traded $0 on its first week.<\/p>\n

How much volume will Bakkt attract is a key variable for the week ahead. Would you expect Bakkt to flop or to launch successfully?<\/p>\n

— Alex Kr\u00fcger (@krugermacro) September 22, 2019<\/a><\/p><\/blockquote>\n