The recent trend of Bitcoin is worrying, and the market is confused by the continuous decline. However, a piece of news may reveal some of the reasons: according to the latest email from Mentougou, they will launch a Bitcoin compensation plan in July.

In short, Mentougou currently holds about 140,000 Bitcoins, which will be transferred to creditors who suffered losses that year in July. These Bitcoins are currently supervised by the Japanese Nagashima Ono Tsunematsu Office.

Next, these creditors will decide whether to sell or hold these Bitcoins. This news has undoubtedly brought some fluctuations to market sentiment, but how big is its actual impact? Will it end the Bitcoin bull market?

Although Mentougou pays customers in US dollars and pays according to the price of Bitcoin ten years ago, we cannot be too optimistic. After all, the potential value of these Bitcoins is huge.

When Mentougou CEO Fat Fa went to jail, he handed over 200,000 Bitcoins, claiming that they were stolen. But these Bitcoins have been under the supervision of the Tsunematsu Office and actually belong to customers. Today, these Bitcoins are worth more than 10 billion US dollars, while they were worth less than 100 million ten years ago. So, who will the 10 billion difference belong to?

Many people believe that creditors will sell Bitcoin immediately after receiving the compensation, causing the market to plummet. But I think this view is wrong. Although creditors may include retail investors, they are not ordinary retail investors. These are people who dared to invest in Bitcoin before 2012. Most of them are highly educated and highly cognitive investors, or people who can understand the Bitcoin white paper and mine on their computers. In contrast, many current Bitcoin investors have not even read the Bitcoin white paper.

Therefore, these creditors are actually senior OGs in the crypto market. I think it is unlikely that they will sell Bitcoin because of lack of money. Therefore, you don’t have to worry too much about the risk of a market crash, just hold it with confidence! For details, follow the official account of Chili Sister. Free sharing and win together! #币安合约锦标赛