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.”
A pal of mine told me his golden rule was not to short Jeff Sprecher…excited to be long. https://t.co/xP9F93GNDC
— Michael Novogratz (@novogratz) August 3, 2018
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.”
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