Alex Thorn, head of research at Galaxy, also analyzed and commented at the end of June that the Bitcoin selling pressure caused by Mt.Gox will eventually be less than expected. He explained that since nearly 75% of creditors chose Early Payout (subject to a 10% impairment), there will only be about 95,000 Bitcoins for early compensation (the remaining BTC will take longer to pay): About 20,000 of these tokens belong to the claims fund 10,000 tokens belong to Bitcoinica BK There are about 65,000 left that are owed to individual creditors And he expects that individual creditors will hold on to Bitcoin more than the market expects: Creditors are mainly long-term Bitcoin holders. They are early adopters with keen technology. Individual creditors have rejected attractive offers from the claims fund for many years, indicating that they want their Bitcoin back more than compensation denominated in US dollars. The capital gains tax impact of the sale will be large. As prices rise, even if only 15% of physical claims are recovered, claim holders have added 140 times the value (in US dollars) on the Bitcoin they recovered since bankruptcy. Therefore, in summary, he believes that the selling pressure of Bitcoin will not be greater than investors imagine. However, BCH may experience a more serious decline due to its low liquidity.
