Market Commentary von Patrick Heusser, Crypto Finance AG
Good Morning!
I have the perfect weekend read for you. The news blog, Profit&Loss, conducted a well crafted interview with some respected executives and specialists in the crypto asset space.
The core topics are:
- Bitcoin halving
- Safe heaven assets
- CBDC (central bank digital currencies)
- Adoption/Outlook for the crypto asset space
It is a good one-hour read, but it will give you a concise summary about the state of the crypto asset market. Read it here.
In addition to this report, I found it very interesting how ICE is evaluating the current situation in regard to bitcoin and CBDC developments.
Bakkt would like to use bonus programs for customer acquisition
News just broke that Bakkt is replacing its CEO after only a few months. Interesting is the very subtle hint at how Bakkt wants to gain market share (or footprint) in the bitcoin space.
"Bakkt, which currently offers bitcoin futures and options contracts to institutions worldwide, is in the middle of building a retail-focused payments and rewards app. The company is already testing an integration with Starbucks, and intends its final app to support a range of rewards, such as airline miles, and vendors."
It looks like they are trying to find other ways to increase physical bitcoin trading on their exchange: by forcing mass adoption through reward programmes.
And on the other side of the globe, we have China pushing their CBDC project with the exact same commercial brands (e.g. Starbucks) to force adoption of their digital Yuan.