A Deeper Look at How Bakkt's Cryptocurrency Initiatives Can Benefit Millennials

On Aug. 3, the global exchanges conglomerate announced a solution by way of its new company Bakkt.

Respectively, tech and retail giants Microsoft and Starbucks have aligned with Bakkt.

Millennials should begin paying attention to what Bakkt is articulating to audiences.

Economics has not been kind to Millennials, but Bitcoin has the power to diversify trackable investment opportunities in a way that concentrates on sustainability, rather than praying for a low-risk return.

Bitcoin has the highest liquid digital currency right now, which has Wall Street's attention.

Credit cards, retirement plans and retail already on board with Bitcoin are revolutionary, and should mutualization of 401k and IRA markets achieve its goal, a new way of retail transactions is on the horizon.

Credit card swiping and the chip would descend into obsolete status in favor of scanning Bitcoin apps.

Overall, paying with Bitcoin has the power to eliminate consumer transaction fees.

Kelly Loeffler, CEO of Bakkt, said in a blog post that the company will create an effective, scalable ecosystem for federally regulated markets and warehousing.

ICE plans to host a "One-day" physically delivered Bitcoin contract to clients while also featuring tangible warehousing of funds, should the U.S. Commodity Futures Trading Commission declare Bakkt fraudulent free.