📢Mt.Gox refund recipients prefer to hold BTC rather than sell📊
Mt. Gox, once the largest Bitcoin exchange, suffered a disastrous hack in 2014, resulting in the loss of approximately 850,000 BTC. After several years of litigation, affected users finally received their compensation.
There has been a noticeable increase in Bitcoin (BTC) withdrawals from Kraken recently, following the start of payments to users affected by the Mt. Gox. This trend suggests that many recipients are choosing to hold onto their coins rather than sell them outright.
The decision to move these funds into cold storage rather than sell them on the market demonstrates investors' strategic intent to secure their assets and potentially benefit from future price increases. This behavior demonstrates confidence in the future value of Bitcoin, suggesting that users see greater potential in holding their assets for the long term.
Team 🔍Crypto Scouts
