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Digital Asset Firm Bakkt Predicts Crypto Market To Swell to $3,000,000,000,000

dailyhodl.com 12 January 2021 15:00, UTC
Reading time: ~1 m

The digital asset firm Bakkt is projecting a big rise in the overall value of the crypto market.

In a new investor presentation, Bakkt predicts that the market cap of all crypto assets will grow to $3 trillion by 2025.

Source: sec.gov

The current market cap of the crypto market is around $900 billion at time of publishing.

Bakkt made the forecast while announcing its plan to become a publicly-traded company via a merger with Victory Park Capital.

Bakkt, which is owned by Intercontinental Exchange, offers Bitcoin futures and is working to release the much-anticipated Bakkt App, which will allow users to pay for everyday items in cryptocurrency.

The firm has partnered with Starbucks, which is currently testing a Bakkt App integration on an invite-only basis.

Customers of the largest coffeehouse chain can use Bakkt cash to reload their Starbucks Card using the Starbucks App.

Bakkt says 400,000 people have signed up for early access to the Bakkt App, and a widespread roll out is planned for March of this year.

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Featured Image: Shutterstock/pisaphotography

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