Bitcoin trading platform Bakkt, which has plans to go public through a special-purpose purchasing company (SPAC), shared a study with predictions for the future. According to this study, the crypto money market can grow up to $ 3 trillion by 2025.
Bakkt, planning to go public by merging with special-purpose purchasing company Victory Park Capital, made a study that predicted the point where the cryptocurrency industry could come through this move. The initiative is expected to reach $ 2.1 billion after the merger, according to the press release. As it is known, Intercontinental Exchange, owner of Bakkt, is also the owner of the New York Stock Exchange.
The comments about this combination are; It shows the positive views of investors, experts and finance managers about the crypto money markets in the coming periods, especially after the prices increased significantly in 2020.
As it will be remembered, Bitcoin exceeded the level of 20 thousand dollars on December 16 and climbed the steps one by one, reaching 42 thousand dollars on the weekend and then saw a decline. The total volume of crypto coins has exceeded $ 1 trillion after these huge increases last week.
Expected application coming in March
Bakkt, a cryptocurrency derivatives market, including Bitcoin futures, is planning to launch a new application for its customers in March. With this application, users will be able to manage their digital assets more easily, make person-to-person payments and win awards.
Gavin Michael, former head of technology at Citigroup’s global consumer bank, said in a speech at a conference Monday:
“These changes enable a giant market to open up to customers and crypto money investors. It will now be much easier to convert digital assets into money ”
3 trillion dollars forecast in investor presentation
In the investor presentation, Bakkt stated that by 2025, its income could reach 515 million dollars with 75 percent growth each year. On a page of the company’s share, it was stated that Bakkt served in a giant market of $ 1.6 trillion, including $ 564 billion in cryptocurrencies, and by 2025, the company was targeting a market value of $ 5.1 trillion, including $ 3 trillion in cryptocurrencies.