Bakkt Forecasts 555% Year-Over-Year Growth for 2024
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In its forecast for 2024, Bakkt anticipates a significant increase in revenue, projecting a remarkable 555% year-over-year growth to a range of $5.114 billion. The company also expects cryptocurrency costs to rise in line with revenue, with projected costs ranging between $3.220 billion and $5.027 billion.
Risks Persist for Bakkt
As known, Main’s appointment as CEO of Bakkt occurred amidst challenges, including the New York Stock Exchange’s (NYSE) final warning regarding the potential delisting of Bakkt due to its stock price falling below $1 per share for 30 consecutive trading days.