Why Big Money Is Betting On Crypto Again | Gavin Michael, Bakkt

Gavin Michael, CEO of Bakkt — a crypto exchange backed by ICE, and a crypto loyalty platform collaborating with top-tier US and global brands — joins my show. Dive into our discussion on the resurgence of institutional interest in crypto, Gavin's perspective on a potential Bitcoin ETF approval, and the future of real-world asset tokenization! Gavin Michael: https://twitter.com/gavinmichael ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/   ►► OKX Sign up for an OKX Trading Account then deposit & trade to unlock mystery box rewards of up to $10,000!  👉 https://www.okx.com/join/SCOTTMELKER ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS. 👉 https://www.thedailyclose.io/   ►►NORD VPN  GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets   ►►COINROUTES TRADE SPOT & DERIVATIVES ACROSS CEFI AND DEFI USING YOUR OWN ACCOUNTS WITH THIS ADVANCED ALGORITHMIC PLATFORM. SAVE TONS OF MONEY ON TRADING FEES LIKE THE PROS! 👉 http://bit.ly/3ZXeYKd  Follow Scott Melker: Twitter: https://twitter.com/scottmelker   Web: https://www.thewolfofallstreets.io   Spotify: https://spoti.fi/30N5FDe   Apple podcast: https://apple.co/3FASB2c   #Bitcoin #Crypto #Bakkt  Timestamps: 0:00 Intro 1:35 Institutional players are coming back 3:12 The adult in the room 4:50 Degenerate crypto vs institutions 6:18 Custody 9:50 How institutional custody works 13:33 10x interested in Staking-As-A-Service 15:30 BlackRock ETF filing 19:18 Tokenization of real-world assets 23:18 Navigating the regulatory environment 28:10 USA is far behind other jurisdictions 30:00 Optimistic about Bitcoin ETF 32:26 How Gavin Michael moved to crypto 34:40 What excites Gavin in crypto 37:45 Meme coins 38:55 Market makers leaving the USA 40:00 Participation 40:45 Follow Gavin The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.