Intercontinental Exchange CEO: The ongoing bear market in the encryption market is helpful for Bakkt

According to recent media reports, Intercontinental Exchange CEO Jeffrey Sprecher said in the company's first quarter earnings conference call that the continued bear market is helpful to Bakkt. Because Bakkt takes a while to launch, the crypto bear market satisfies this, and another benefit is that many of the encryption startups' valuations have fallen, creating a buying opportunity for Bakkt.