Crypto & Blockchain Daily Brief Saturday, June 28, 2025

The article discusses the potential for Bitcoin to reach new price highs in the future. An analyst shared a roadmap for Bitcoin's price discovery over the next few years, suggesting that the cryptocurrency could reach $100,000 by the end of 2022 and potentially $1 million by 2025. The analyst believes that Bitcoin is currently in the midst of a bull market that could see significant price increases in the coming years. The analyst's roadmap for Bitcoin's price discovery is based on historical price patterns and market trends. The analyst points to previous bull markets in Bitcoin's history, which have been followed by significant price increases. The analyst also notes that Bitcoin's scarcity and limited supply make it an attractive investment for those looking for a store of value. In addition to the potential for significant price increases, the analyst also highlights some potential challenges that Bitcoin may face in the future. These challenges include regulatory concerns, competition from other cryptocurrencies, and technological issues. However, the analyst remains optimistic about Bitcoin's long-term prospects and believes that the cryptocurrency has the potential to continue to grow in value over the coming years. Overall, the article suggests that Bitcoin could be on the cusp of another period of significant price discovery, with the potential for the cryptocurrency to reach new all-time highs in the near future.

Bakkt, a digital asset trading platform, has filed with the United States Securities and Exchange Commission (SEC) for a $1 billion shelf offering. The company aims to use the funds from this offering for general corporate purposes, which may include investment in Bitcoin and other digital assets. Bakkt has not disclosed the specific amount that it plans to allocate to Bitcoin. The company is known for its Bitcoin futures trading platform and is a subsidiary of Intercontinental Exchange (ICE), which also owns the New York Stock Exchange. Bakkt's decision to potentially allocate part of the funds raised to Bitcoin is seen as a strategic move to increase its exposure to the cryptocurrency market. The company has been actively involved in the crypto space and has been exploring various ways to expand its services. This move also reflects the growing interest in digital assets among institutional investors and traditional financial institutions. The filing for the shelf offering does not necessarily mean that Bakkt will immediately sell the securities, but it gives the company the flexibility to do so in the future. The $1 billion shelf offering could provide Bakkt with additional capital to support its growth and expansion plans in the digital asset market. This development highlights Bakkt's commitment to further establishing itself as a major player in the crypto industry and its willingness to explore new opportunities within the space.