After raising some doubts in the first week of the launch, bakkt seems to have finally engaged the right gear and has recently broken records on record; the volumes of the first week, as we have already had occasion to explain in other articles, were rather lacking and probably also due to the lack of enthusiasm generated immediately after the launch, the bitcoin price, in the month of September, scored a bad dump . However, from the following weeks the volumes of bakkt, a platform to operate on bitcoin futures for institutional investors, started to grow and soon they started to grind record on record; the last one was communicated via twitter by a bot that keeps track of the trading volumes of the platform yesterday, this time the platform traded contracts for a whopping 6.5m dollars (the previous record had stopped at just over of 4 million dollars) with an increase on the number of open contracts by as much as 42%, a sign that bakkt is continuing to grow and that the interest of investors also looks set to increase in the near future.
Meanwhile, within a week, a new product is expected, the options, which should make the platform even more attractive to investors; as if this were not enough the CEO of bakkt is also in the running to replace a US senator, who will leave at the end of the year for health problems, so the world of cryptocurrencies could recover a friendly voice within the American Senate, which he does not never fails. So, waiting for the price to come out of this phase of weakness and for new buying opportunities to open up, therefore, we certainly have many signs that tell us how much and how the market is continuing to grow and mature; if, then, this growth and maturation will lead to a new historical peak already in the short bitcoin period or if we will have to wait a few more years for this to happen it is something that, for now, does not seem to be among the first thoughts of the community. Soon the joint effect of platforms similar to bakkt, which allow institutional investors to invest in absolute safety and legality, together with the growth of the lightning network, which will allow the use of bitcoins even for small everyday purchases, will increase exponentially demand and, given that the circulating supply is scarce, will favor the explosion of the price; as every good bitcoiners knows, in fact, it is only a matter of time before this happens.