Brian Kelly says "Starbucks all-in on cryptocurrency" could be the biggest news of the year for bitcoin
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Brian Kelly says "Starbucks all-in on cryptocurrency" could be the biggest news of the year for bitcoin
Brian Kelly says “Starbucks all-in on cryptocurrency” could be the biggest news of the year for bitcoin
Because it paves the way for a bitcoin ETF, according to BK Capital Management founder Brian Kelly.
Starbucks, the Intercontinental Exchange (ICE), Microsoft and BCG, among others, announced on Friday they are working to launch a new company called Bakkt. Along with enabling consumers to use bitcoin and other cryptocurrencies at Starbucks, Bakkt will leverage Microsoft cloud to create an open and regulated, digital asset ecosystem, ICE announced on Friday.
Here is the Video: https://www.cnbc.com/video/2018/08/03/the-biggest-bitcoin-news-of-the-year-says-brian-kelly.html
“This is huge news,” said Kelly, who also manages blockchain-focused BKCM Digital Asset Fund.
“They’re talking about getting this into your 401(K). They’re talking about in your…. Fidelity or TD Ameritrade account, you’re going to be able to buy a bitcoin ETF, a bitcoin mutual fund. It expands the universe,” Kelly said.
“My conclusion is the crypto market is completely missing this. Perhaps the market in general is missing this. This is very, very big news,” he said.
Bitcoin last traded around $7,000, according to Coinbase data.
Tags: Technology, Cryptocurrencies, bitcoin, bitcin, etf, bitcoin starbucks, bitcoin crypto market