Have the same expertise. I think its regrettable and a what youre saying but i think there are tools for pushback and they need to be used. Its hard to go to the public and say to the people are buying houses and pretending to flip them, we will take away your credit because we dont think buying a home is a good idea. I think it would have been a lot of political support. Now there is but not back i mean, the public is basically saying, as we all know, people who speculate in the middle of it and thought they were doing the right thing. Based on what we discussed this morning, what is the one recommendation you would give to each of the following participants, the government, Financial Service providers and consumers . Give a sort of a short, snappy response to that question if you can. May i go first. Sure. Well on the government, balance the budget. Simple. There you go. One other one of the reasons why balancing the budget is so important because that would give us more room to fina
Transparency. One of the things its much too widespread. And that leverage is one of the things that grows out of the derivatives and other highly structured complaints. But they do a better job within the industry and trying to get more effective disclosure particularly as it surrounds the concept of leverage. Getting the fiscal house in order he also said Monetary Policy only accomplishes so mu much. We have to do it in a way thats fiscally possible. Those are the kind of discussions we need to be having if we need fiscal policy to get more robust growth in our economy. I wish the congress with all of the unemployment there isnt a greater focus on jobs in the economy i dont know but i think that is a benefit for everybody including the Banking Sector to get this economy going in a way that we have been used to in the past. For Financial Service providers i think things for the long term in terms of the longterm Customer Relationships, think of making money by providing the value not
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Bakkt projects an all-round growth with a 75% surge in revenue by 2025. This means the value will be around $515 billion with a cash-flow positive expected to take effect in 2023.
On January 8, 2021, Bitcoin staged an unprecedented bull run to trade around $41,941 dominating the cryptocurrency market that was enjoying a record market cap of $1.1 trillion. The high addition of gains within a very short time coupled with the trillion market cap got some investors worried over what they claimed to be an impending burst. Despite the pullback expectations, Bakkt in their recent projection predicted a massive growth of around threefolds for the crypto market by 2025. If this happens, then the 6-digit trading price of Bitcoin predicted by experts would materialize.