ICXBTC: Time is Now, Do Not Allow FUD To Play With Your Mind
Hi All,
Transformational news for mass adoption without the need for ETF: Bakkt; Assets Backed Platform, similar to (XAUUSD) ETF.
This week, Crypto Sphere received very bullish News from Intercontinental Exchange (ICE), which is planning to launch their own (BTC) trading platform. And yet the market continues to Bleed slowly, which I cannot comprehend. I would very much like to Invite all investors and traders to look at Crypto potential landscape from a macro perspective. ICE Plan to create (Bitcoin) infrastructure as crypto transfer service, which could be utilize by Investors, Merchants and Consumers. They believe the services could inherently bring mass adoption, due to marketing for the Bakkt platform. ICE also partnered with (Microsoft) and (Starbucks). The Bakkt platform will be a regulated custodian service. They will be offering there services to Investors, Merchants, and Consumers as Custodian for payment Finality similar to credit card payment solutions i.e., (VISA INC) (V) and (MASTERCARD INC) (MA) and also One day physical delivered (Bitcoin) Future contract, which is bullish. I would like you also take into account The very nature of having ICE into the Crypto sphere, would bring in Compliance and robustness to the ecosystem.
Mainly because the Average investor Prefers to use establishment which they're familiar with such as New York Stock Exchange, (NYSE), which is highly credible in the eyes of regulators and investors. There are currently more custody solutions that have been created. New exchanges utilizing different type of implementation. The name (Bitcoin) being Synonymous to the masses as digital (Gold) or a store of value. Pre-existing businesses are now looking into the block-chain to retain their customers and or users. These are the current companies looking into deploying block-chain solutions via (Ethereum) block-chain; Amazon, (Amz), (Facebook), ALIBABA GROUP HOLDINGS LTD (BABA). As of writing, there are 3000 lightning network nodes, And I'm fully aware lightning network could in a sense centralize (BTC) to only Affluent individuals and Banks, which I do not care for.
Stated all that to say, the current infrastructure is being develop and deployed. I would suggest individuals not be so focused On the short term price action for (BTC). Because once (BTC) Infrastructure has mature then, there will be mass adoption. Just because the price went down does not mean that underlying instrument, Behind (BTC) technology ceased to exist. I also understand we have to go through the regulatory framework In order for us to get More institutional investors and the masses Into our crypto sphere. So I say be patient my friends. Remember, in order for any commodity to have intrinsic value, Institutions and the masses would first want to see the overall value it could potentially bring into their Portfolio and life. The so call, what is in it for me approach.
To conclude, My initial stands for what Bakkt is actually doing is quite brilliant. They Essentially are creating a Fiat gateway for Investors, Merchants, and Consumers. This will permit institutions to buy and sell physical (Bitcoin). Bakkt is essentially becoming the middleman. Hence, Bakkt is becoming settlement layer for payment provider similar to; (VISA INC) (V) and (MASTERCARD INC) (MA). Bakkt is effectively removing the volatility which we Experience for merchants by settling payment off-chain after each purchase. Having an established player such as (NYSE) in the ecosystem Supporting crypto brings in credibility to the space. Bakkt could essentially bring in new businesses that would have elected not to participate in the crypto sphere due to the volatile nature i.e., (Starbucks), but would like more Consumer base and Increase revenue. Always take into account Transactions bring value Not speculation. Reason why the true value of any token or coin is mainly predicated on the Masses Utilizing the network, which in a sense could create a network effect i.e., (Facebook).
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Like the Phoenix we will rise from the ashes
Happy trading People...
