🎉🎉🎉Good news! Mt.Gox is expected to start repaying nearly $9 billion in cryptocurrencies to users in a few days, including a large amount of Bitcoin. 🚀🚀🚀
For some friends who are worried that this may trigger market selling pressure, don't worry! Most analysts believe that since many of Mt.Gox's early users and creditors are long-term Bitcoin enthusiasts, they are unlikely to sell all their Bitcoins immediately, so the selling impact is controllable and short-lived. 👌👌👌
CoinShares research director James Butterfill said that Bitcoin's daily trading volume on trusted exchanges has remained at $8.74 billion this year, and liquidity is sufficient to absorb Mt.Gox's potential sell-off in the summer. CCData research analyst Jacob Joseph also believes that the market is fully capable of absorbing selling pressure. 💪💪💪
Galaxy Digital research director Alex Thorn pointed out that the number of Bitcoins that will eventually be compensated by Mt.Gox will be less than people think, which means that the selling pressure will be less than the market expects. Vijay Ayyar, head of consumer growth for Asia Pacific at Gemini, said the overall impact of the Mt.Gox payment incident may "dissipate" because "a large amount" of Bitcoin will actually be issued to the claims fund. 🎈🎈🎈
So, Bitcoin enthusiasts, invest with confidence and move forward steadily! 🚀🚀🚀