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Harvesting Bitcoin Futures: ICE wants to buy eBay

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One of the topics that generated more interest in 2019 were the Bitcoin futures, led particularly by Bakkt. This 2020 seems to be reaping the fruits of their labor, since the parent company of Bakkt seems to want to make a great purchase. The news today is that ICE officially made a proposal to buy from the American giant in retail sales, eBay.

Context

One fact that few people know is that Bakkt is organized by a top financial parent company, which has several renowned financial institutions. We refer to Intercontinental Exchange, better known as ICE. In addition to being known as the owner of Bakkt, she also owns one of the world’s largest operators, the New York Stock Exchange (NYSE). Therefore, it is assumed that people within ICE have a significant flow of money.

Apparently they want this money to translate into a new investment, only now outside the financial world. According to a report from the Wall Street Journal, ICE owners made a proposal to buy eBay for about $ 30 billion. If we perform the equivalence with Bitcoin, the equivalent would be a little more than 3 million Bitcoin.

In addition, it should be noted that this is not the first time that ICE seeks to acquire eBay, since it had previously tried. The difference between this proposal and that of this year is that it now has Bakkt at hand, remembering that the platform achieved its highest revenue peak in 2019.

This power demonstrates that ICE is willing and able to make large investments. Remembering that part of these investments comes from Bakkt, being one of the biggest Bitcoin futures exchanges. Therefore, it is observed that the company achieved a balance between traditional finance with NYSE and entrepreneurship with emerging technologies with Bakkt.

Reaction

Faced with these events, the crypto world reacted in a surprising and emotional way for ICE, using as reference one of our most famous characters on the platform. We refer to the co-founder of Morgan Creek Digital, Anthony Pompliano, through its official count from Twitter:

WHOA

“The owner of the New York Stock Exchange is thinking of taking over eBay with a valuation of more than $ 30 billion.

This is the same company that realized the importance of Bitcoin enough to start Bakkt.

It would be amazing to combine NYSE, Bakkt and eBay under one roof. ”

To finalize the article, using as reference the last idea of ​​Pompliano and ICE, we ask a hypothetical question. Can you imagine that we can buy on eBay with Bitcoin thanks to ICE?

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I am an economics student, interested in innovation and technological development, always faithful that tomorrow will be a better day.





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