The CEO of Intercontinental Exchange, owner of the Bitcoin futures platform Bakkt, says he and his team are nervous about Monday’s launch.
In a new interview with Fortune, Jeff Sprecher says Bakkt has experienced a flood of curiosity on the company’s imminent launch of BTC futures that will be settled in actual Bitcoin instead of cash.
He believes it could take months before it’s clear if Wall Street is diving in.
“It’s not demand yet. It’s intense curiosity. It’s the sense that money managers want to be at the front of this train and not left out.
The day-to-day news covers Bitcoin when the price goes way up or way down, but underneath we see sophisticated people investing in infrastructure and compliance that’s unrelated to the price. But they won’t use that infrastructure. There won’t be true global acceptance until we can build out the rails in a regulated manner.” Read More...