💸How Will the $9-Billion Mt. Gox Earthquake in Bitcoin Affect the Market?

🔗 Mt. Gox is set to repay creditors $9 billion in Bitcoin and Bitcoin Cash, a decade after its collapse. This significant event raises questions about market impact and creditor decisions.

Some experts believe creditors may hold onto their Bitcoin, anticipating further price increases. Others suggest strategies to minimize tax liabilities, such as using Bitcoin as collateral. Overall, the repayment’s effect on the broader crypto market remains uncertain, with potential for both positive and negative outcome.

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