How Bakkt could reveal the natural demand in bitcoin market


The launch of NYSE’s bitcoin futures contract, pushed back to January next year, will be the first deliverable – opposed to cash-settled – bitcoin contract with the settlement of each contract delivering one “physical” bitcoin to the customer’s account. Bakkt believes this will “add to the utility of Bitcoin beyond simply trading”, but will it create the natural demand needed to lift price or just create another opportunity for speculators to short it?
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