FXstreet

Wall Street is working on a new platform which will ease the trading, storing and spending digital assets. That’s bullish for bitcoin and other cryptocurrencies. It will help them gain acceptance among investors, merchants and consumers.



Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the purpose to create an open and regulated global ecosystem for digital assets. The new company is expected to work with a marquee group of organizations that includes BCG, Microsoft, Starbucks and others to come up with an integrated platform that will ease the trading, storing and spending of digital assets.

That’s good news for bitcoin bulls, as an “epidemic” means higher bitcoin prices, especially since bitcoin is in limited supply, provided that big governments, big banks, and hackers do not spoil the party.

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