Like most cryptocurrencies, the value of Bitcoin (BTC) is heavily influenced by major events, many of which can profoundly affect its desirability as an investment.
Although many of these events are sporadic and hence unpredictable, there are a number of landmark events coming in 2019 and 2020 — many of which will likely affect Bitcoin’s price action. With that said, let’s take a look at four such events that could potentially have the most sway.
Bakkt Launches Bitcoin Futures Exchange
Founded by the Intercontinental Exchange (ICE), Bakkt is a crypto-startup that aims to make Bitcoin investments much more accessible with its physically-delivered Bitcoin futures product.
Bakkt’s Bitcoin Futures were initially projected to launch in early 2019. However, the release was delayed due to concerns over the security of user funds from the Commodity Futures Trading Commission (CFTC).
According to Baktt CEO Kelly Loeffler, the futures exchange has now been cleared for launch, after receiving CFTC approval and acquiring a New York state trust charter through the New York State Department of Financial Services (NYDFS).