According to Foresight News, The Block reported that despite the widespread sell-off in the crypto market after Mt.Gox took action to repay creditors, resulting in daily liquidations of more than $665 million, some market makers and investors remain optimistic about Bitcoin's medium-term prospects. Rich Rosenblum, co-CEO and co-founder of GSR, said there is still enough time to set a new record high before the end of the year.
Bitwise President Teddy Fusaro said that despite the current downward pressure on prices, “We don’t know how many or how little these tokens will ultimately be sold, as the distribution of BTC will be in token/physical form.”
