📢【Bitcoin supply problem solved, bright prospects! 】📢

According to Odaily Planet Daily, Alex Thorn, head of research at Galaxy Digital, said that the difficulties in the Bitcoin market in August were mainly attributed to the problem of oversupply, but this problem has now been basically resolved. Most of the Bitcoin seized by the US government from theft will be returned rather than sold, and the German government has also completed the sale. In addition, the Bitcoin estate of Mt.Gox has been basically distributed, and the bankrupt company's tokens have been returned to creditors.

Thorn also pointed out that the estate distribution of the defunct exchange FTX may be a positive catalyst and is expected to start in the next six months. The distribution will provide a large amount of cash to known crypto investors, who may reinvest in the industry.

Although Bitcoin may continue to fluctuate in a range until November, Thorn remains optimistic about its prospects. He believes that Trump's victory may be a positive catalyst, while Harris's victory has negligible negative impact. Market volatility will continue until the expectation of interest rate cuts and the results of the election are clear.

Overall, Bitcoin's supply problem has been solved and the prospects are bright! 🚀💰