๐ฃNews Flash! Mt. Gox, the defunct crypto exchange, is repaying its debts in Bitcoin and Bitcoin Cash. ๐ But hold your horses, folks! Finance analyst Jacob King warns this could add a whopping $8.2 billion of selling pressure to Bitcoin's price. ๐ฑ He predicts most of the $8.2 billion in BTC will be sold off.
But hey, every cloud has a silver lining, right? The repayments are a positive development for the industry and the long-suffering Mt. Gox users. Former CEO Mark Karpelรจs is thrilled, saying, "Mt. Gox customers have finally started receiving Bitcoins! After over 10 years...here we are finally!!"
What do you think, dear readers? Will this send BTC back into bear market territory or is it just a bump in the road? Let's chat in the comments! ๐