A New York Stock Exchange (NYSE) trader said in his interview on August 3 that Bitcoin (BTC) ?is very iffy?following the launch of a new regulated BTC exchange Bakkt by the Intercontinental Exhange (ICE), the parent company of NYSE.
Alan Valdes, a senior partner at international advisory firm Silverbear Capital and NYSE trader got concerned about Bitcoin when asked if Bakkt launch can be considered a sign that Wall Street is taking cryptocurrency seriously.
ICE announced its plans to design a Microsoft cloud-leveraged “open and regulated, global ecosystem for digital assets” earlier today. First use cases will be for trading and conversion of BTC versus fiat currencies.
According to the report, Bakkt will include federally regulated markets and warehousing” alongside “merchant and consumer applications.” ICE states that Bakkt is developed for “support transaction flows” in the $270 billion digital asset marketplace, and facilitate its “secure” and “efficient” evolution.
Wall Street investors have been changing their opinion on cryptocurrencies. Goldman Sachs CEO Lloyd Blankfein repeatedly declared that Bitcoin ?was not for him?, however, in May, said that a dedicated research team was examining how Goldman could provide a range of cryptocurrency-based products in the wake of customer demand.
Last month, the world’s largest exchange-traded fund (ETF) provider BlackRock announced the formation of a working group to assess potential involvement in BTC. While a spokeswoman said that the company has been “looking at blockchain for several years” she did not mention cryptocurrency. | 
