I think the hype has died down already, unless some actors decided to pour huge money and try to play the market, Bakkt will continue to grind day-to-day, IMHO.
The hype has quite definitively died down, and I haven't seen many Bakkt threads being bumped lately. Seems very much like it flopped and that the big wall street players aren't interested in speculating in bitcoin. It does make me wonder who exactly is using it.Grind is precisely what Bakkt is doing but this could change. You know what? If bitcoin starts to increase in value and forms an upward bull trend, traders might start wanting to get in on the action, and instead of buying actual bitcoin they'll use Bakkt's derivatives. It's still kind of early to tell if all of this was a disaster, so I'm going to keep watching.
