Bakkt's SPAC shows how frothy the crypto markets have become
January 14, 2021, 6:16PM EST · 4 min read
- Some market insiders think Bakkt’s ambitious SPAC reflects the frothiness of both the crypto and SPAC markets.
- It could lead to a flurry of other SPACs across the crypto industry.
Bakkt's near-term customer and revenue goals have raised eyebrows, but its SPAC suggests there is more crypto deal-making to come.
Mergers & Acquisitions