BAKKT today will reveal that they will delay their launch from December 2018 to January 24 2019. Surprise surprise…not.
BAKKT need to accumulate actual BTC, as do their major institutional clients. The market is in a dip right now. What better way to accumulate at today’s prices? Well, accumulate at tonight’s lower prices, of course!
By delaying their highly-anticipated launch, it puts further pressure on the market, pushing BTC and the wider market downwards. By informing their Clients ahead of time, their Clients have the chance to exit markets before further price drops. Once the market reaches a bottom (possibly $3k BTC), they can all accumulate at bargain prices.
That is the market, folks. We are controlled by massive money - just like any modern market. Massive players, massive money. Rich need to get richer. This is the perfect avenue and circumstance to allow this.
The takeaway: Stay calm. This is all part of the plan. Smile.