In the turbulent digital currency market, Li Ka-shing, a business tycoon who was once known as the "richest man in Asia", once again demonstrated his investment wisdom. Recently, Li Ka-shing participated in the first round of financing of the Bakkt Bitcoin futures trading platform with an astonishing $180 million, becoming the focus of the industry. This move not only represents Li Ka-shing's optimism about the future development of digital currencies such as Bitcoin, but also reaffirms his unique investment vision.

 Li Ka-shing's bottom-fishing strategy

As a legendary figure in the investment industry, Li Ka-shing's investment strategy has always attracted much attention. This time, he chose to bottom-fish in the bear market and participate in the financing of the Bitcoin futures trading platform, which is unusual. In the case of large fluctuations in the digital currency market, Li Ka-shing's move is considered to be a reflection of his deep insight into the market and his optimistic expectations for future development. This bottom-fishing strategy not only shows Li Ka-shing's confidence in the market, but also sees investment opportunities in the market trough.

 Background of Bakkt Bitcoin Futures Trading Platform

As a newcomer in the field of digital currency, Bakkt Bitcoin Futures Trading Platform has attracted much attention. It was launched by ICE (Intercontinental Exchange) and is committed to providing institutional investors with safe and efficient digital currency trading services. Li Ka-shing's choice to participate in Bakkt's financing is not only a recognition of the platform, but also a reflection of his optimism about the future development trend of digital currency. Bakkt's professional team, strong background and innovative trading model have attracted the attention of many investors and injected new vitality into the development of the digital currency market.

 Li Ka-shing's investment logic

The reason why Li Ka-shing chose to bottom out in the bear market and participate in Bakkt's financing must have a profound investment logic behind it. In the ups and downs of the digital currency market, Li Ka-shing saw the future potential and development space of digital currency. He believes that with the continuous maturity of blockchain technology and the standardization of the digital currency market, digital currency will become an important part of the future financial field. By participating in Bakkt's investment, Li Ka-shing is not only laying out the digital currency field, but also betting on the development of future financial technology.

 Prospects for the digital currency market

With the increasing maturity of blockchain technology and the gradual improvement of the regulatory environment, the digital currency market is ushering in new development opportunities. More and more institutional investors are beginning to pay attention to the digital currency field, and the market size of digital currency is also expanding. In the future, digital currency is expected to become an important part of the global financial system, bringing more investment opportunities and profit space to investors. Li Ka-shing chose to bottom out the bear market and participate in Bakkt's financing. He undoubtedly saw the potential and development prospects of the digital currency market and set a successful example for investors.

 Conclusion

Li Ka-shing successfully bottomed out the bear market and invested $180 million to participate in the Bakkt Bitcoin futures trading platform. This move not only demonstrated his investment wisdom and insight, but also injected new vitality into the development of the digital currency market. As an important trend in the future financial field, digital currency will bring more opportunities and challenges to global investors. Li Ka-shing's investment move is not only a recognition of the digital currency market, but also an optimistic expectation for the future. I believe that under his leadership, the digital currency market will usher in a more brilliant tomorrow.

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On December 31, the last day of 2018, Bakkt CEO Kelly
Loeffler said in an official blog that in the first round of financing, a total of 12 partners participated, and the amount of financing reached 182.5 million US dollars.

In terms of investment institutions, many familiar shadows can be seen, including the well-known Boston Consulting Group (Boston Consulting
Group), Intercontinental Exchange (ICE), M12 (Microsoft's VC fund), Naspers's fintech department, and Horizons Ventures (founded by Li Ka-shing), Galaxy Digital, Pantera Capital, CMT Digital, etc., which have long invested in the cryptocurrency market.

Loeffler said:

We focus on providing infrastructure opportunities, including becoming the industry's first institutional-level, regulated exchange, providing clearing and warehousing services for physical delivery and storage.

As Loeffler said, unlike other trading platforms, one of Bakkt's key services is to launch a "physical delivery" Bitcoin futures contract service, which means that the platform will have Bitcoin warehousing services and transfer Bitcoin spot.

According to media reports, the launch of Bakkt has been repeatedly delayed due to the undecided coordination with the regulatory agency, the Commodity Futures Trading Commission (CFTC). From the expected October to December, there has been no finalization. According to sources working in the industry, it may also be released on January 30, and the delay may only be a matter of a few days.

The main crux of the December delay is that the CFTC must authorize Bakkt to keep Bitcoin for its customers in its own "warehouse" on behalf of its customers. However, CFTC regulations generally require customer funds to be held by banks, trust companies or futures commission merchants (FCMs).

Reauthorization requires a re-vote by the CFTC, which coincides with the Christmas holiday, so such procedures may be postponed. Therefore, a large part of this announcement is intended to ease the market's anxiety about the delayed launch of Bakkt.

However, the financial circle has a variety of views on Bakkt. Some people are optimistic about the benefits of derivatives to cryptocurrencies, while others are worried about the fictitious bubble and criticize that transactions without custody services will affect the reputation of Bitcoin.

Bakkt has said that it will not provide leverage services and has explicitly stated that one of the platform's key missions is to promote "effective price discovery in the market," which means that the company does not intend to allow customers to trade on margin or claim real assets on paper. The much-anticipated Bitcoin ETF is different from the futures to be issued by Bakkt, as the former will not deliver physical Bitcoin to investors.