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$BTC $ETH $BNB How Will the $9 Billion Mt Gox Earthquake in Bitcoin Affect the Market? Here Are Two Expert Opinions The Bitcoin and cryptocurrency market is a big Mt. Gox is preparing for the earthquake. So will users sell their assets? Mt., whose acronym is derived from “Magic: The Gathering Online Exchange.” Gox closed its doors in February 2014 following a series of hacking incidents. The company blamed a bug in the structure of BTC for the disappearance of BTCs. Mt. According to Gox, coins may have been illegally moved from their accounts by hackers, while users received missing transaction messages when accessing the exchange. The court-appointed trustee overseeing the exchange's bankruptcy proceedings announced Monday that distributions to the firm's approximately 20,000 creditors will begin next month. Payments will be in the form of a mix of Bitcoin and Bitcoin Cash, an early fork of BTC. Luke Nolan, Ethereum researcher at digital asset management firm CoinShares, Mt. Gox said a key reason creditors prefer to be repaid with the same type of asset has to do with tax consequences. JPMorgan noted on Monday that people tend to accept their payments in crypto, either for tax reasons or because they believe liquidating now will negate potential price increases in the future. Glover suggested that these are ways to avoid a huge capital gains tax while still benefiting from Bitcoin's massive appreciation. “Those who live in countries with a capital gains tax may choose to hedge their positions to avoid this large tax bill and instead use their BTC as collateral to borrow dollars so they can cash out their BTC without having to sell it,” Glover said. Part 2️⃣ 🔴🔴🔴 Note about coin : 1. Analysis in front of you, no need for questions 2. Taking profits is not my responsibility so I order it for you 3. Click the currency symbol (yellow font) in the post to buy spot. Click the rectangular box at the end of the post to buy Futures. #BTC #ETH #BNB #SOL #XRP

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$BTC $ETH $BNB How Will the $9 Billion Mt Gox Earthquake in Bitcoin Affect the Market? Here Are Two Expert Opinions The Bitcoin and cryptocurrency market is a big Mt. Gox is preparing for the earthquake. So will users sell their assets? After a decade of waiting and a 10,000% price increase, the collapsed Japanese Bitcoin exchange Mt. Gox's creditors are finally getting ready to collect what they are owed. The exchange, which filed for bankruptcy in 2014 following a major hacking attack, is ready to repay creditors who have been handsomely rewarded for their patience. In 2011, some 950,000 Bitcoins were lost in a hack that saw BTC trading well below its current value. Approximately 140,000 of these coins have been recovered, and at today's prices, this means approximately $9 billion worth of BTC will be returned to its rightful owners. Plaintiffs include Mt. Gregory Greene of Illinois also filed a class-action lawsuit against Gox and its former CEO. At that time, Greene had $25,000 worth of Bitcoin in her frozen account. With the value of Bitcoin rising from around $600 today to over $60,000, Greene's stash of losses would be worth about $2.5 million, a gain of 10,000%. However, the exact amount he will receive from the payments, which are expected to begin in July, remains unclear. Cryptocurrency lending firm Ledn's Chief Investment Officer John Glover said creditors are about to receive a historic windfall. “Many of them will obviously withdraw their money and enjoy the fact that their assets trapped in the Mt. Gox bankruptcy were the best investment they ever made,” Glover said in a statement. Part 1️⃣ 🔴🔴🔴 Note about coin : 1. Analysis in front of you, no need for questions 2. Taking profits is not my responsibility so I order it for you 3. Click the currency symbol (yellow font) in the post to buy spot. Click the rectangular box at the end of the post to buy Futures. #BTC #ETH #US_Inflation_Easing_Alert #MiCA #SOL

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$BTC $ETH $BNB Michael Saylor Declares Bitcoin's Next Wave Amid BTC Dull Market Action Saylor's message comes at crucial time in market MicroStrategy co-founder and chairman Michael Saylor has issued a stirring message regarding Bitcoin, the largest cryptocurrency by market capitalization, amid the current market stagnation. In a tweet, Saylor wrote: "Bitcoin expands your universe." This statement comes at a time when Bitcoin's weekend trading activity has reached a record low. According to data from cryptocurrency research firm Kaiko, the amount of Bitcoin traded on weekends has dropped to just 16% this year. This marks a significant shift in the trading patterns of the world's leading digital currency, which has traditionally seen robust activity outside of conventional market hours. This drop might suggest a sentiment of boredom or disinterest among traders amid the ongoing market uncertainty, as evidenced by falling prices. 🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR ♥️ Thank you for Watching my Post ♥️ ♥️You can support me with tips to provide better content♥️ 🔴🔴🔴 Note about coin : 1. Analysis in front of you, no need for questions 2. Taking profits is not my responsibility so I order it for you 3. Click the currency symbol (yellow font) in the post to buy spot. Click the rectangular box at the end of the post to buy Futures. #BTC #ETH #US_Inflation_Easing_Alert #MiCA #SOL

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$BTC $ETH $BNB What Will Happen to Bitcoin, Which Lost About 5 Percent Value Last Week? Prominent Analyst Explained Cryptocurrency analyst Michaël van de Poppe shared his expected developments and comments in Bitcoin in his statement. Speaking about Bitcoin dominance, van de Poppe said that dominance may have seen its peak. In this context, the analyst believes that Ethereum ETF approvals will allow the altcoins' momentum to continue as a rotation trigger. According to the analyst, a divergence in favor of the bear was observed in BTC's dominance chart. In addition, the analyst thinks that the actual mining hash rate of the Bitcoin network has decreased. Miners are approaching the capitulation zone in a manner similar to that caused by the FTX crash. According to the analyst, the decline of miners is occurring at a pace similar to the FTX collapse period. Van de Poppe therefore argues that it is only a matter of time before the cryptocurrency market makes a comeback. In addition, the analyst, who also examined BTC's weekly candlestick chart, said that he thought the correction movement was relatively over. Part 2️⃣ 🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR ♥️ Thank you for Watching my Post ♥️ ♥️You can support me with tips to provide better content♥️ 🔴🔴🔴 Note about coin : 1. Analysis in front of you, no need for questions 2. Taking profits is not my responsibility so I order it for you 3. Click the currency symbol (yellow font) in the post to buy spot. Click the rectangular box at the end of the post to buy Futures. #BTC #ETH #BNB #SOL #XRP

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$BTC $ETH $BNB What Will Happen to Bitcoin, Which Lost About 5 Percent Value Last Week? Prominent Analyst Explained Cryptocurrency analyst Michaël van de Poppe shared his expected developments and comments in Bitcoin in his statement. Michaël van de Poppe, one of the most influential analysts of the cryptocurrency market, talked about Bitcoin and the general cryptocurrency market in his statement. According to the analyst, the total market cap chart excluding Bitcoin is actually performing well. Therefore, the analyst claims that the consolidation in question is an expected event, after which an upward bounce scenario is possible. Part 1 🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR ♥️ Thank you for Watching my Post ♥️ ♥️You can support me with tips to provide better content♥️ 🔴🔴🔴 Note about coin : 1. Analysis in front of you, no need for questions 2. Taking profits is not my responsibility so I order it for you 3. Click the currency symbol (yellow font) in the post to buy spot. Click the rectangular box at the end of the post to buy Futures. #BTC #ETH #BNB #SOL #XRP

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