Mt. Gox has already started reimbursing its creditors, so it is already possible to make an initial analysis of the impact on the price of Bitcoin.
As expected, there was a decline, which however seems to be lower than anticipated.
The refunds of Mt. Gox and the analysis of the price of Bitcoin
According to the data from Arkham Intelligence, more than 40,000 BTC have already been transferred to exchanges from the known Mt. Gox wallets in recent days.
Another 37,000 would appear to have been transferred today, so more than half of the 142,000 BTC that were to be distributed should already have been transferred to the exchanges.
However, it is not certain that the exchanges have already credited them to the creditors’ accounts.
In fact, for this direct distribution of BTC to creditors, the exchange that went bankrupt in 2014 has chosen an indirect reimbursement method.
Since they needed to pass all repayable creditors through a KYC procedure, they opted for a di
We współpracy z: https://en.cryptonomist.ch/2024/07/24/bitcoin-price-analysis-after-mt-gox-refunds/
