BULLISH UPDATE: $16,000,000,000 in Stablecoin Liquidity Will Enter the Market 🚨
Concerns about the Mt. Gox dump and other bearish factors are prevalent, but there’s a major event that could propel the crypto market to new highs.
FTX Plans to Distribute Over $16 Billion to Its Creditors
Here’s the timeline:
August 16: Voting deadline for FTX customers
October 7: Judge Dorsey’s decision on plan approval
If approved by the court, FTX will reimburse creditors within two months.
This distribution is expected to take place from Q4 2024 to Q1 2025, aligning perfectly with other bullish factors like rate cuts, FASB accounting rule implementation, and the US election results.
Given that most FTX customers are crypto enthusiasts, a significant portion of the $16 billion will likely re-enter the crypto market. This influx will be one of the biggest catalysts for higher prices.
Predicted Market Impact:
BTC: Expected to surpass $120K
ETH: Expected to exceed $12K
Altcoins: Potential to pump 10x-50x
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