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So a third launch date for Bakkt has been announced as all the red tape has been cleared and it is on for the 23 rd September. I think the entire crypto world has been waiting for this to happen as it signals the main entry for the institutional money to flow into crypto. This is huge news and one that can change everything as we know it.
Like many I am hoping this signals the start of a proper bull run that triggers crypto back into life. We all need some hope and belief and even though I am not pinning my hopes and dreams on it this is really good news. There hasn't been much lately and I have been waiting for this announcement for what seems like forever.
It was meant to launch at the back end of last year and then in the first quarter of this year so finally it is here now. The delays were getting the SEC and the CFTC to give it the clearance it required. The companies involved are what counts and they have taken their time getting it right. Microsoft and the ICE group which includes the New York Stock Exchange have managed to jump through all the hoops before them and have the green light from the SEC and CFTC which is the US Commodities and Future Trading Commissions.
I for one are hoping the bear market comes to an end very soon and things get back to normal and who knows what the likes of Steem can do this time around. Steem is nothing like it was two years ago or even a year ago as the Tribes have transformed this place.
I am on @sportstalk more often than not these days and the place is growing with over 1300 accounts and on today's prices 100 000 Steem staked as well. I have no idea what this all means, but a stronger upsurge in crypto means more users will be coming into Steem and surely it means a bigger demand for tokens at some point. I am banking on the tribes booming and becoming stronger.Who knows where the prices can go to and why I try and stake a large percentage of whatever comes my way. I am hoping to have over 2 Million sports tokens staked over the next few weeks so it is there for curation purposes and tend to spread the votes around as much as I can.
I can recall @tarazkp mentioning that this place is like doing a degree of sorts and it takes time. I tend to agree with him on this as there has been so much change in the short time I have been here and I am sure there will be plenty more changes over the next 3 years.