Ian Wright

Bitcoin price could be affected again


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Mt. Gox which was hacked at the time losing approximately 850,000 Bitcoins will start giving users their funds back. The sentence says that they must return the value of the tokens at the time of the hack to all their users. That return must be in dollars, BTC, or Bitcoin Cash. Curiously, the total number of Bitcoins for the return is 141,868 Bitcoins when 850,000 were lost at the time, eight years ago in 2014.

Now the news that for the affected users is joy can become a threat to the price of Bitcoin. Among the payment options offered to affected users, it is expected that the majority will choose to receive their compensation in Bitcoin. In case users decide to sell 140k of Bitcoin and the demand does not cover that supply, the price of Bitcoin could tend to go down.

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This post was also published in read.cash by me, The Crazy Dude

 

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Cryptoworld by The Crazy Dude
Cryptoworld by The Crazy Dude

Initial nonfinancial advice for people who start their journey in this field, conspiracy news, and personal thoughts. Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

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