$BTC $9 Billion Mt. in Bitcoin. How Will the Gox Earthquake Affect the Market? Here are Two Expert Opinions

After a decade of waiting and a 10,000% price increase, the collapsed Japanese Bitcoin exchange Mt. Gox's creditors are finally getting ready to receive what they are owed. The exchange, which filed for bankruptcy in 2014 following a major hacking attack, is ready to repay creditors who have been handsomely rewarded for their patience.

In 2011, some 950,000 Bitcoins were lost in a hack that left BTC trading well below its current value. Approximately 140,000 of these coins have been recovered, and at today's prices, this means approximately $9 billion worth of BTC will be returned to its rightful owners.

Plaintiffs include Mt. Gregory Greene of Illinois also filed a class-action lawsuit against Gox and its former CEO. At that time, Greene had $25,000 worth of Bitcoin in her frozen account. With the value of Bitcoin rising from around $600 today to over $60,000, Greene's lost stash would be worth about $2.5 million, a 10,000% gain. However, the exact amount he will receive from the payments, which are expected to begin in July, remains unclear.

Cryptocurrency lending firm Ledn's Chief Investment Officer John Glover said creditors are about to receive a historic windfall. “Many of them will obviously withdraw their money and move their assets to Mt. "Gox will enjoy the fact that being stuck in bankruptcy was the best investment they ever made."

*This is not investment advice.