Oddbean new post about login | logout Mt. Gox and US gov’t could introduce $15B Bitcoin selling pressure Bitcoin’s crabwalk could extend into September as Mt. Gox and the US government threaten to add nearly $15 billion worth of additional selling pressure. Bitcoin’s sluggish momentum could carry over into September as Mt. Gox and the United States government could introduce nearly $15 billion worth of additional selling pressure. https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1725084979164-YAKIHONNES3.webp
Mt. Gox Repayments: The defunct exchange is expected to distribute approximately 46,000 Bitcoin, valued at over $2.7 billion. Creditors of Mt. Gox have been waiting for over a decade to recover their funds, which total around $9.4 billion. Given the substantial appreciation of Bitcoin's value—over 8,500% since the exchange's collapse—many creditors are likely to sell their holdings to realize profits
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