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Get Over the Bitcoin ETF and Focus on Bakkt

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According to Dan Morehead, focusing on the Bitcoin (BTC) ETFs right now is a waste of time and effort. He believes that it is still too early to have ETFs approved and that this focus should be directed at Bakkt since it will be a much bigger deal in the long run.

Stop talking about ETFs

Ever since the SEC started receiving requests for Bitcoin (BTC) ETFs, the entire crypto space got very excited about the possibility of having them approved. This has reflected strongly on the price of cryptos as well, as many coins, led by BTC itself, went through a significant price increase.

However, while the SEC did not reject all of these requests, they certainly did destroy the initial excitement by delaying their decision. These reports also reflected on the prices, and cryptos fell right back to where they were before the initial excitement took place. One thing that many often forget, however, is that the ETFs, while important for the further development of the crypto world, are not the only big crypto-related thing that is going on right now.

According to Pantera Capital’s CEO, Dan Morehead, the investors need to forget about the ETFs for now and focus more on a new crypto venture called Bakkt. Bakkt has a potential to tap into numerous companies and brands and to make use of their expertise. It even has a potential to become a real game-changer for the entire crypto market. Additionally, considering that some pretty big and reputable names are behind it, Bakkt can also inspire trust in institutional investors, and finally, bring many of the more careful ones to the crypto space.

Because of that, Morehead’s idea is to stop focusing on the ETFs of today and focus on Bakkt more. If everything goes according to plans, there will come a day when Bakkt will be able to facilitate as many BTC ETFs as necessary. However, to do that, it has to kick off first, and it needs the investors’ help to do it.

Bakkt needs patience, but it is worth it

In his recent interviews, Morehead stated that the new approaches to issues that are bothering the SEC are not good enough to convince them to allow BTC ETFs. Because of that, all the effort behind these requests might end up being for nothing. Even though the SEC has postponed making the decision, Morehead doesn’t believe that anything good will come out of it.

He also stated that ETFs will likely not arrive anytime soon. He compared cryptos to copper, stating that copper was the last asset to get ETF approval, and that is a resource that has been on Earth for thousands of years. Cryptos, however, have been around for only 9 years now, and so he doesn’t believe that they will see that kind of breakthrough just yet.

He then decided to focus everyone’s attention on another big news regarding the crypto world, which is the creation of Bakkt. ICE, the parent company of NYSE, decided to launch a new crypto platform in collaboration with some pretty large names. Those include Microsoft, Starbucks, and more. This is a huge deal for the crypto space, and it will bring significant changes over the next few years. Even if it takes an entire next decade, the crypto world will be a very different place due to the creation of this platform.

This is why Morehead believes that Bakkt is the project that should get all the attention now. It is important to remember that, while Bakkt does promise some big changes, they will take time to arrive. Bakkt can be seen as a project that is playing the long game, and as such, it requires patience and dedication. So far, the project has received its fair share of attention and support, but it can always use more.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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