Analyst Predicts Bakkt Will Build Trust in Crypto Markets
Prominent analyst Tom Lee believes the launch of Bakkt will help build trust towards crypto trading among institutional investors.
Lee, a renowned Bitcoin bull and co-founder of the research firm Fundstrat, tweeted his enthusiasm for the long-awaited crypto services platform: “I am very positive on @Bakkt and its ability to improve trust with institutions to crypto.” Bakkt is owned by the Intercontinental Exchange (ICE) and goes live on September 23, having already launched its crypto warehouse service, which saw over $1 billion USD worth of Bitcoin deposited in one day.
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