Big news!!!
Mentougou has 140,000 bitcoins to be paid, can it crash the bitcoin bull market?
Bitcoin has been trending badly recently, and it has been falling but not rising, and everyone is confused.
There has been news these days that explains: Mentougou will compensate customers with bitcoins in July!
There are about 140,000 bitcoins waiting to be crashed, which are managed by Ono Tsunematsu Office in Nagashima, Japan. They will be transferred to the creditors of that year in July, and they will decide whether to sell or leave it to them.
This news has an impact on market sentiment, but how big is the impact? Can it end the bitcoin bull market?
Mentougou compensates customers in US dollars, according to the price ten years ago. Some people say that it will not crash the market. Is this too optimistic and unrealistic?
Fat Fat Fa paid 200,000 bitcoins when he was imprisoned, and they have been managed. Now it is worth more than 10 billion US dollars, but it was less than 100 million ten years ago. Who will get the difference of 10 billion?
Many people say that the creditors are retail investors. If they wait ten years to get the money, they will definitely cash out and dump the market, which will cause a big pit in the market.
I think it is ridiculous! These creditors bought Bitcoin before 2012. How many people dared to buy it at that time?
Most of them have high education and high cognition, understand the white paper and can write code for mining. How many people who buy Bitcoin now have read the white paper?
These creditors are now the top OGs in the crypto market. How can they be short of money? The probability of dumping the market is not high, so feel free to hold it!
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