🚀FTX could push the crypto market sharply higher if approved to repay $16 billion to creditors
🚀🌟Crypto analyst Ash Crypto Odaily shared that although people are worried about the fall of MT.GOX and other negative factors, several factors could push the crypto market to new heights . One of them is a plan to distribute more than $16 billion to creditors of FTX.
🗓Specific schedule:
August 16: FTX customers' voting deadline.
October 7: Judge Dorsey's decision approving the plan.
🔍Potential impact:
If the court approves the plan, FTX will begin repaying creditors within two months, Q4/2024 to Q1/2025. This is entirely in line with potential positive catalysts such as interest cuts. favorable rates and financial policies.
🔥Why is this important:
Since most of FTX's customers are crypto enthusiasts, this whopping $16 billion will return to the crypto market and could become the biggest catalyst for a new bull run.
Source:🔥Crypto Analysis⚡️⚡️
(https://t.me/cryptoanalysisvn/1/1763)
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