JUST IN: #Bitcoin  plunges below $39K as Mt. Gox is set to commence the distribution of 200,000 #BTC  for creditor repayments after over a decade of planning.

This is worth over $7,796,640,000.00, surpassing the value of MicroStrategy's and El Salvador's Bitcoin holdings.

Many speculate that holders will sell / take profits on their Bitcoin, considering their holdings have grown by over 99,900% since the "hack" in 2014. This could lead to a monumental crash, potentially bringing prices back under (still overvalued) levels like $20K.

$BTC $ETH $SOL