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BAKKT has 'backed' away from retail investors
General Boards - Business & Investing
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BAKKT has 'backed' away from retail investors


Jun 3, 2023, 1:55 PM
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https://decrypt.co/resources/bakkt
What Is Bakkt? | The Beginner’s Guide - Decrypt
Bakkt is the brainchild of the New York Stock Exchange owners. By creating a cryptocurrency exchange with US government oversight, Bakkt wants to make trading crypto assets as normal as trading shares.


Only 'the big boys' get to play this game!

2024 orange level member flag link military_tech thumb_downthumb_up

Re: BAKKT has 'backed' away from retail investors


Jun 3, 2023, 9:04 PM
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Bitcoin is a fad currency with no intrinsic value.

Most importantly, bitcoin is not legal tender for all debts public and private.

FWIW, Warren Buffett derides bitcoin for the very same reasons as stated above.

FWIW, neither retailers nor wholesalers who report that they accept cryptocurrency do not necessarily accept payment for goods and services using crypto. Huh? How’s this the case? Because bitcoin is not legal tender. It is barter currency, a digital IOU.

Tesla, Inc. stopped accepting bitcoin as a medium for purchasing Tesla EVs a while back (this was not in the distant past). Why so? Musk said that bitcoin price had been too high. Period. Tesla was under no obligation to barter a EV for a digital IOU.

And Musk freely admits that he owns a lot of bitcoin. Hypocrisy? Not really. Anyone can try to do with bitcoin whatever they want. They just need to know that no vendor is required to accept bitcoin as a medium for payment.

Bakkt? Useless for investors. Maybe fun for gamblers.

flag link military_tech thumb_downthumb_up


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