The timing of Mentougou's currency transfer makes me feel like they are doing insider trading.
If the compensation distribution can be completed at around 65,000, then this group of creditors will be quite comfortable, at least not distributed at 55,000 under the situation of maintaining panic.
At present, of the 120,000 $BTC that Mentougou is about to pay, about 90,000 will be delivered directly to retail creditors, and their cost price (including the 86% of the theft) is about 4,500-5,500 US dollars per coin;
That is to say, even if most of the BTC are lost, these creditors still get more than 10 times the profit in terms of fiat currency. Of course, this is calculated based on a 10-year cycle. Taking into account the loss of opportunity cost, the creditors are actually losing money.
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Now, the question arises, how many of these 90,000 BTC will enter the market and be sold?
