đ„ Fears about selling #Bitcoin from #MtGox are overblown. In fact, the Bitcoin market is showing significant strength. Even though a massive $224 billion of Bitcoin has been sold since 2023, its price has increased sharply, up to 350% from its bottom. This proves that the demand for Bitcoin is still very high.
In the case of MtGox, even if all $3 billion of their Bitcoin was sold on the Kraken exchange, this amount would only represent 1% of the total market capitalization added during the recent price increase. Therefore, the market is capable of absorbing these sales without causing too much impact.
In short, are people worrying too much or is there some force that makes us worry too much!đđ
