Digital asset company Bakkt predicts significant growth in the cryptocurrency market. In another presentation to investors, Bakkt indicates that the market capitalization of all cryptocurrency assets will reach $ 3 trillion by 2025
The current market capitalization of the cryptocurrency market is just under $ 1 trillion. The company made this forecast amid announcements that it plans to go public through a merger with Victory Park Capital.
Bakkt is owned by Intercontinental Exchange. The company is offering Bitcoin futures and is working on the highly anticipated Bakkt App, which will enable users to pay for everyday goods in cryptocurrency.
The company previously partnered with Starbucks to privately test integration with the Bakkt app. Customers of the largest coffee shop chain can use funds in the Bakkt app to top up their Starbucks card.
Bakkt reports that 400,000 people have signed up for early access to the Bakkt app, with a massive rollout scheduled for March this year.
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