JPMorgan believes that payments from MtGox can satisfy the pressure of BTC sellers only at the start, in July. And that in August the crypto market will already recover. Writes #TheBlock.
Also,#JPMorgananalysts believe that the consequences of a possible dump in July due to sales of#MtGoxclients will be compensated... by#FTXcreditors. After all, they will receive their payments in fiat, and not in crypto assets. And some of them can return money to the market with new purchases in the next few months.
Let us remind you that after the final plan is approved, the amount of compensation to#FTXclients, according to analysts, will be about $14-15 billion. And Mt․Gox customers will receive 142,000 BTC (about $8.6 billion) between July and October this year.
Although the maturity date is set for October, JPMorgan analysts believe most of the payments will occur in July.
Be that as it may, let us add from ourselves that risks for the market that are announced in advance and with specific dates are often not risks at all, but simply FUD.
