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Don't Overestimate Bakkt's Impact on the Crypto Market, Says Lawyer Jake Chervinsky

21:06 Wednesday , November 07th 2018
Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim LLP, has stated that while there are some positives in the entrance of Bakkt into the crypto market, its impact on the emerging asset class is yet to be determined.

"In the minds of many, Bakkt's launch has become a full-fledged narrative for when and how the bear market will end. It plays the same role as bitcoin ETFs as a trusted vehicle to bring that sweet institutional money into the space, but without all the trouble of SEC approval," Chervinsky said.
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