BAKKT holdings say the crypto currency market is will increase fivefold in marketcap by 2025 giving it a whopping three trillion dollar valuation.
Bakkt, the Digital Asset Marketplace Launched by Intercontinental Exchange in 2018, gave their bullish projection on Monday after a merger with Victory Park Capital.
The company are so bullish about the crypto market currently that they feel the market can grow seventy five percent year on year up to the beginning of twenty twenty five.
Only last week, the industry’s total market capitalization soared past the $1 trillion mark for the first time in its history.
Bakkt manages a market for cryptocurrency derivatives including bitcoin futures.
The company plans to allow users to manage digital assets and use them for spending and peer-to-peer payments alongside cash in spring of this year.
Gavin Michael, former head of technology for Citigroup’s global consumer bank, told investors Monday;
“It’s these shifts that we are leveraging for the benefit of both customer and merchants, truly unlocking a massive market by empowering the monetization of digital assets,”
The BAKKT team believe the crypto market could increase by 75% year on year up to 2025 at which time the marketcap would exceed $3 trillion dollars.