FTX reached a final agreement to start full compensation, and compensation will start in October. Could this be the trigger point for the bull market?

FTX's affairs have been full of twists and turns. First, it declared bankruptcy in 2022, which made everyone's heart hang in their throats. But the good news is that they expect to start paying back creditors by the end of this year, with a total amount of up to 16 billion US dollars, and it will be paid in cash!

This time, FTX's debt manager is one of the Big Four in the Account industry-PWC! They said that creditors can not only get full compensation, but also get an additional 9% interest per year! You read that right, it means 100% of your principal plus interest!

But then again, where does this money come from? Hehe, this is actually like robbing you. Because all compensation is calculated based on the price on the day of bankruptcy. Look at the price of BTC today, it has increased by at least 3 times! From the original 16,500 US dollars to today's 60,000 US dollars! Those altcoins are even more outrageous, some have even soared dozens of times!

The biggest reason for FTX's bankruptcy was the bank run, but in fact, most retail investors' positions are still in the exchange. Assuming that FTX did not sell any coins during this period, how much would its book profit be? Also, don't forget that FTX is one of the exchanges holding the most Solana, and once held more than 55 million Solana! If calculated at today's price, it is worth at least 7.3 billion US dollars!

So this restructuring plan is definitely more beneficial to PWC than retail investors. However, I think it is definitely good news for the currency circle, because the huge inflow of funds may become the detonation point of this bull market! #BTC