One of the major catalysts expected for the bitcoin price in 2019 is closer to becoming a reality. Bakkt, a bitcoin futures exchange owned by NYSE parent company ICE, will begin testing bitcoin futures trading next month. The regulated exchange made the announcement via a Medium blog post, and you could almost feel the crypto community breathing a collective sigh of relief.
No doubt it’s a groundbreaking event in the crypto industry, one that isn’t lost on Bakkt, which compared the event to Neil Armstrong “landing on the moon” half-a-century ago nearly to the day. ICE CEO Jeff Sprecher recently labeled the exchange’s bitcoin futures arm “a bit of a moonshot bet.”
Bakkt has been widely anticipated among fund managers and others for its potential impact on the market.