Exchange boss is ‘agnostic’ on the price of bitcoin

Jeffrey Sprecher, the head of NYSE-parent Intercontinental Exchange, expressed a lack of concern about the recent fall in bitcoin’s price. ““We’re kind of agnostic on price,” he said in a panel at CoinDesk’s Consensus: Invest conference Tuesday. Kelly Loeffler, the CEO of Bakkt, which is created a bitcoin futures product and has ICE behind it, echoed a similar sentiment.”The price is being expressed but there’s a lot of missing infrastructure and use cases,” Loeffler said. She was focused on building Bakkt: “If you think about commodities or equity indices, the S&P500, that price is established in a federally regulated market, we don’t have that in the crypto market today. That’s what we’re focused on bringing along with a myriad of other features.” Loeffler explained.

The post Exchange boss is ‘agnostic’ on the price of bitcoin appeared first on The Block.


Exchange boss is ‘agnostic’ on the price of bitcoin written by Mark Rogowsky @ https://www.theblockcrypto.com/tiny/exchange-boss-is-agnostic-on-the-price-of-bitcoin/ November 27, 2018 Mark Rogowsky

Comments are closed.