THELOGICALINDIAN - Intercontinental Exchange ICE teaming up with Microsoft Starbucks and others on agenda asset belvedere Bakkt makes it abundant easier for a Bitcoin ETF to launch
That’s according to Brian Kelly, CNBC’s approved cryptocurrency analyst and BK Capital Management founder, who alleged the affairs the “biggest account of the year” for Bitcoin.
“This is huge news,” he told the network during an adventure of its Fast Money articulation Saturday.
Kelly was speaking one day afterwards ICE, which owns the New York Stock Exchange, confirmed its high-profile affiliation to body a “global ecosystem for agenda assets” with a slated barrage date in November 2018.
Together, the participants will actualize a agenda asset barn for investors to “buy, sell, abundance and absorb agenda assets on a seamless all-around network.”
As an off-shoot of the deal, Starbucks said it was agog to enhance the adeptness for barter to pay for appurtenances with agenda assets in its food — a above anniversary in cryptocurrency’s boilerplate acceptance
“Starbucks will comedy a cardinal role in developing practical, trusted and adapted applications for consumers to catechumen their agenda assets into US dollars for use at Starbucks,” the aggregation said.
For Kelly, however, the accident appropriately marks a watershed moment in the enactment against cryptocurrency stand-off.
Specifically, the appearing impasse in the US over regulators acknowledging a Bitcoin ETF could be burst as a aftereffect of ICE.
“[Consumers] will now accept a U.S.-regulated barter and they accept a accountant warehouse, which is how bolt are stored and that’s activity to accomplish it a lot easier for an ETF to appear through,” he said.
Those players interacting with agenda assets is the affectionate of account that Bitcoin requires to backfire in price, Bart Smith, CEO of pro-cryptocurrency trading behemothic Susquehanna had told CNBC beforehand aftermost week.
Susquehanna is additionally accepted to advance in Bakkt, forth with Microsoft’s VC arm and added notable players.
What do you anticipate about Brian Kelly’s appraisement of ICE facilitating a Bitcoin ETF? Let us apperceive in the comments below!
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