Analysis: Mentougou Mt. Gox repayment selling panic is exaggerated

On June 26, a trading report from investment firm Off the Chain Capital suggested that Mt. Gox creditors will receive repayments starting next week, but they may be reluctant to give up the tokens they have held for ten years.

"Once Mt. Gox is distributed, I believe the market will generally not start selling these assets immediately because I don't see many creditors selling Bitcoin as soon as they receive it, as they did a few years ago," Off the Chain Capital CEO Brian Dixon wrote in the report. The reason is that Bitcoin has matured considerably since Mt. Gox filed for bankruptcy in 2014.

"Creditors must ask themselves whether they need this cash to buy something or whether Bitcoin is better used as a long-term store of value," adding that BTC has been the best performing asset for 12 of the past 15 years.