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Novogratz and Kelly’s Thoughts on BTC After Bakkt and Starbucks

Novogratz and Kelly’s Thoughts on BTC After Bakkt and Starbucks

Mike Novogratz, the CEO of the biggest cryptocurrency firm on Wall Street has some bold words about the latest announcement from the owner of the NYSE. He says that it’s the crypto game changer for 2018.

Intercontinental Exchange (ICE) states that it plans to create a new version of Bitcoin futures contract that’s settled in BTC and build a new payment platform called Bakkt that lets retailers and consumers buy and spend digital assets. This works with institutional clients also.

Earlier this week, Starbucks was announced to be the pioneer guinea pig retailer for the new platform with Bitcoin to be used in Starbucks locations which will only increase exposure and facilitate mainstream adoption of BTC. Novogratz says the announcement is the consumer-adoption and institutional investor breakthrough that he’s been talking about for weeks on end.

The CEO, founder, and chairman of ICE Jeff Sprecher said that BTC could become the first currency to “truly unify financial systems” worldwide. ICE owns the New York Stock Exchange.

“Bitcoin would greatly simplify the movement of global money. It has the potential to become the first worldwide currency.”

Novogratz pays respects to Sprecher’s words and that he’s “excited to be long” on BTC.

Brian Kelly, the CEO of crypto investment firm BKCM is also in agreement. Kelly told CNBC that “this is huge news that I think the market is completely under-appreciating” and “If you look at Starbucks history, they’re really at the forefront of digital payments, particularly in the retail space. So to have them involved is more of a signal that this is becoming more mainstream.”

 

Been in the game for 2 years but I still consider myself a rookie. There’s way too much info out there for anyone to comprehend, so I try to get only the best news on cryptoculture and new currency that’s coming out in the world of Bitcoin and cryptocurrency. I’m here to share my thoughts on what could be the answers to many of the world’s financial issues. Contact me with tips!

Disclaimer: Our authors may hold active positions in one or multiple cryptocurrencies discussed on this news portal. Opinions expressed at AWSMO are NOT investment advice and any investment in one or more cryptocurrencies may be high-risk and extremely volatile. Please due your due diligence before making any investments in any cryptocurrency. Your investments are your own risk and you assume full responsibility for your actions.

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