DLNews - Mt. Gox's decade-delayed repayment of billions in Bitcoin to creditors has some fearing a price crash, but others believe the market can absorb it, especially if holders choose to HODL
Mt. Gox, a once major Bitcoin exchange, is finally repaying creditors their Bitcoin holdings lost in a 2014 collapse.
This $9.2 billion influx of Bitcoin has some worried about a price drop, but others believe the market can absorb it.
Holders who waited a decade for their Bitcoin may be more likely to hold onto it rather than sell it all at once, further minimizing the price impact.
Beware of Bitcoin dumps!!
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