FTX calculation from K33 analysts: How much will come to the crypto market?

The FTX payment plan, which was officially approved by the US bankruptcy court last night, also excited crypto investors. While expectations for cash payments were for a certain amount to re-enter the crypto market, K33 analysts calculated that this money would be around 2.4 billion dollars.

The official decision on FTX payments, which has been expected for years, was finally made last night. As expected and despite many objections, it was decided to make payments in cash. In other words, regardless of the cryptocurrencies in the accounts, during bankruptcy, the more value of the account, the more cash payment will be made to the users.

When will it start?

Crypto research company K33 Research, which has previously published some analyses and reports on FTX payments, has made important predictions on the subject. The company's report shared on Tuesday stated that payments are expected to spread to the end of this quarter and the 1st quarter of 2025:

“Borrowers have 60-day time frames to pay individual customers who are creditors below $50k. We predict that this figure will be approximately 1.2 billion dollars. The payments that will be obtained by the creditors in a larger amount, which reach a total of 9 billion dollars, will be realized in February 2025.

4 billion dollars is not expected to return

One of the most frequently asked questions of those who expect ups in cryptocurrencies is how much of this money will return to the crypto market... Whether it will even return... K33 analysts made some calculations on this subject.

Stating that $3.9 billion of the demands between $14.4 and $16.3 billion were purchased by loan funds, analysts stated that they did not expect this amount to turn into crypto.