“Presto suggests betting against bitcoin strength and bitcoin cash to profit from Mt. Gox payouts. Supply/demand dynamics for BTC and BCH due to distribution of multi-billion dollar assets.😂

Hundreds of millions of dollars worth of BTC hit the market last week as creditors affected by the 2014 hack finally made their long-awaited payments. $73 million worth of BCH will be distributed to traders in the coming months compared to $9 billion worth of BTC.🤑

Presto “plans to distribute billions of dollars worth of value between BTC and BCH between July 2024 and October 2024. This could create a shift in the supply/demand dynamics of BTC and BCH and open up a pair trading opportunity.” he says.🚀

Presto assumes that investors who have previously owned bitcoin are likely to be “rich Bitcoiners with diamond hands” and are therefore more likely to keep some of their payments. However, he says 100% of BCH's "much weaker investor base" could be sold off in the near term.😅

What do you think about this situation? We are waiting your comments!#DeFi#Web3"