Is a Frenzied Bull Market About to Start?
On December 29, news reports that FTX will begin repaying $16 billion in cash, with claims processing set to start on January 3, 2025. Its court-approved Chapter 11 reorganization plan will also take effect on that day, which has been set as the record date for the initial distribution. The first round of distributions will begin within 60 days after the effective date and will be limited to approved creditors in the convenience class. FTX has reached agreements with cryptocurrency custodian BitGo and trading platform Kraken to provide asset distribution services for retail and institutional clients!
Musk's Mars Dog #Marvin !
The pullback has completed its bottoming, and it is undoubtedly a great time to get on board!