"Cryptocurrency New York Stock Exchange" Bakkt is online, industry dividends are gradually decreasing

I have repeatedly talked about the impact of Bakkt’s upcoming BTC physical futures trading system on BTC and the entire digital currency market in my official article, because this matter will have extremely far-reaching significance for the direction of the entire digital currency.

Bakkt's system has been confirmed to be officially launched on the 23rd of this month. However, as the official launch date is approaching, it seems that the attention in the circle is not as high as when the news first came out last year and early this year. It may be because the time has dragged on for too long, or it may be because the current market is too difficult, so everyone's interest in this matter has also been greatly reduced.

But I still want to emphasize the significance of this matter again.

1. The far-reaching significance of Bakkt

Bakkt's background is the most luxurious among all digital currency exchanges today. It was established by the parent company of the New York Stock Exchange and has received investment from many top funds including Li Ka-shing's Horizons Fund. In other words, it is a sign of Wall Street's official entry into digital currency transactions.

When I talked about this before, what I emphasized more is that it will give international institutional investors and large funds legal and compliant investment entrances.

But there is actually a more important point:It is a tool for Wall Street to try to control the digital currency market and digital currency assets, not just a simple trading tool.

2. Wall Street has zero say in the field of digital currency

Looking at the world, in all financial investment fields, Wall Street is almost everywhere, and everywhere it goes, it occupies a monopoly position.

But in digital currency, a financial investment field that represents a new form of future human wealth, Wall Street's influence will be greatly weakened.

When it comes to trading, few of the current giants have Wall Street backgrounds.

In terms of pricing, the pricing power of BTC is almost controlled by the current exchanges, and Wall Street has zero voice.

In terms of investment, the world's number one digital currency investment fund is Grayscale Capital, whose parent company DCG was established by BTC fanatic Barry Silbert. Although he has a background in private equity funds, he is far from being a giant on Wall Street.

3. How will Wall Street act after entering the digital currency field?

After the establishment of Bakkt, the traditional forces of Wall Street will definitely compete for the dominant position in the above four fields. I think the core is the investment and control of digital currency. At the same time, Wall Street will also make efforts to regain pricing power and trading status to better serve investment and control.

Let's take Grayscale Capital as an example. It currently controls 200,000 BTC, and its market value is less than 2 billion US dollars. If the traditional forces of Wall Street enter the market, it will bring a scale of tens of billions to hundreds of billions of dollars, which is millions or even tens of millions of BTCs.

What price will BTC be then?

Of course, the forces on Wall Street will not be so stupid as to rush in and buy directly, because this will straighten up the price of BTC, which is not conducive to their collection of chips, so they will use tools like Bakkt to suppress the price to make retail investors hand over their chips, and then slow down at low positions. Accumulate slowly.

This is just BTC, and a bunch of mainstream currencies such as Ethereum will be infiltrated and controlled by the traditional forces of Wall Street one by one. This is not a question of whether it will happen, but a question of when it will happen.

4. The window of opportunity for ordinary investors is gradually closing

Therefore, our current prices of BTC, Ethereum and other mainstream currencies are the prices before these giant whales have officially entered the market. But this time window is closing step by step. The official launch of Bakkt on September 23 does not necessarily mean that the bull market will come soon, but it means that the traditional forces of Wall Street will start to make some moves in this market. They need time to suppress prices and collect chips. Time layout investment objects.

Although we don't know how long this time is, it will happen sooner or later.