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Even if every single Gox coin got distributed at once (they won't) and every single recipient market dumped at once (they won't), it's only $3B.Way more BTC was force-dumped over the past couple months by the cefi lending unwind, miner capitulation, and weak hands.Carry on.
33/ So, although there will be some impact from creditors selling, it is unlikely that it causes the doomsday-esque crash many people are calling for.
The full thread is a good read:
137k (~$3b) worth of #Bitcoin could be dumped onto the market, 8 years after the Mt. Gox hack.Some are labelling this as the biggest "black swan" in $BTC history.๐งต: What you need to know about Mt. Gox: A fascinating story of hacks, lies and deceit. ๐
https://twitter.com/milesdeutscher/status/1545764969118978048 https://nitter.it/milesdeutscher/status/1545764969118978048 <-- Shows the thread in a single, easy-to-read, web page
The full thread is a good read:
https://twitter.com/milesdeutscher/status/1545764969118978048 https://nitter.it/milesdeutscher/status/1545764969118978048 <-- Shows the thread in a single, easy-to-read, web page