Tokyo-based Bitcoin exchange Mt. Gox’s purge has come to an end. As a result of the liquidation, a total of 137,000 Bitcoin (BTC) worth 3.16 billion will be distributed to the creditors.
2010Tokyo-based Bitcoin exchange founded in Mt. goxby hackers in 2014 850,000 He filed for bankruptcy when his Bitcoin was stolen. Approximately 8 years after the ongoing court process forgotten in a wallet 200,000 Bitcoins found. The court decided that 137,000 Bitcoins from the wallet were given to the creditors. to the distribution decided.
Mt. gox from liquidation responsible law firm 6 July 2022 In the text of the “Information Regarding the Repayment Process” sent to the creditors on the date of the same date, there is information that the liquidation committee will initiate the first repayments at the end of August in accordance with the liquidation plan.
With the payment plan finalized, the market, exhausted from fighting, awaited its nightmare. The market expects a strong dump with a huge portion of these 137,000 Bitcoins to be dispersed sold. Because Bitcoin only existed before the stock market stopped its operations. Over $200 in the last 3 months Considering that it is watching 137,000 Bitcoin average cost between $150 and $200 We can assume it is. This is even at the highest point of average cost. 11.857% (11 thousand 857 percent) means increase. In the light of these assumptions, after 8 years of waiting take profit Mt. Gox creditors it may be tempting. Another possibility is the assets of the creditors. Bitcoin to Ethereum may pass. Because after the Merge update, investors waiting for a rally in Ethereum moved their positions from Bitcoin to Ethereum, a situation we are familiar with in the market recently. In the most optimistic case, it is the lowest price against the market price. from insensitive groups one, Mt. Gox creditors for a long time HODL it will do.
According to experts, if a large part of 137,000 Bitcoin is sold originating from liquidation Although a decrease seems highly probable, Whales will not participate in this sale move. Investors will see this decline don’t get caught in a panic wave because it’s finally sold There will be extremely profitable Bitcoins, not the market expectation.