Mt. Gox Redemption Fears ‘Overblown’ Say Traders as $10B BTC Holdings Draw Concerns

“The impact on bitcoin’s price from Mt. Gox distributing Bitcoin is likely overblown,” Sam Callahan, senior analyst at Swan Bitcoin, said in a Tuesday email to CoinDesk. “Creditors who wanted to sell their bitcoin have now had more than 10 years to do so through selling their bankruptcy claims to more convicted, long-term investors.

Source

Comments (No)

Leave a Reply

Cryptocurrencies: 17,174
Markets: 1,279
Marketcap: $ 2.82 T
24h Vol: $ 137.13 B
BTC Dominance: 58.24%