{"id":17224,"date":"2018-08-04T10:07:33","date_gmt":"2018-08-04T09:07:33","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=17224"},"modified":"2018-08-04T10:07:33","modified_gmt":"2018-08-04T09:07:33","slug":"here-is-how-starbucks-will-lead-the-way-towards-bitcoins-btc-global-adoption","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/here-is-how-starbucks-will-lead-the-way-towards-bitcoins-btc-global-adoption\/","title":{"rendered":"Here Is How Starbucks Will Lead the Way Towards Bitcoin’s (BTC) Global Adoption"},"content":{"rendered":"
The news that the owners of the New York Stock Exchange – the Intercontinental Exchange – has teamed up with Microsoft, BCG, Starbucks and other firms to launch the Bakkt company that will\u00a0push Bitcoin and other digital assets towards becoming mainstream financial asset, has come at an opportune time in the crypto-verse. The news came during a time period when the crypto-markets lacked the momentum to get out of the current bear trend. Although the news came late on Friday, there is indeed hope in the crypto-marekts.<\/p>\n
With Bakkt, there is hope that the CBOE sponsored Bitcoin ETF pending at the SEC might be approved by the end of the year. This is due to the fact that Bakkt will be fully operational by November giving validity to Bitcoin ETF as explained by CNBC’s Brian Kelly<\/a> below:<\/p>\n This is huge news. I think the market is completely underappreciated. So let us talk about why this is the biggest news of the year for Bitcoin.<\/p>\n It paves the way for a Bitcoin ETF. Last week I stood here and said you know what, I don\u2019t think the Bitcoin ETF will get approved. And guess what? The Winkelvoss ETF got rejected. Why?<\/p>\n Because there was not a US regulated exchange and there wasn\u2019t US regulated custody.<\/p>\n<\/blockquote>\n\n