📢Good news! Alex Thorn, head of research at Galaxy, posted on the X platform that the in-kind compensation for BTC and BCH in the Mt.Gox bankruptcy case, which has troubled creditors for more than a decade, is expected to begin in July. 🎉But don't be too happy too soon. The number of tokens distributed in the end may be less than you think, and the Bitcoin selling pressure caused by Mt.Gox will also be less than expected. 😅

Mt.Gox lost about 940,000 bitcoins that year. Although only 15% was recovered, it gained 140 times the return for creditors in US dollars. 💰However, creditors may need to bear a loss of about 10%. It is expected that 75% of BTC delisting will choose to bear a 10% loss, which means that about 95,000 bitcoins will be used to pay claims. 😔

Creditors clearly prefer long-term Bitcoin holders, but there is reason to believe that individual creditors will be more generous than the market expects. Once these tokens are distributed, a large part will be sold by creditors into markets with less liquidity. 🔄

Also, Alex Thorn predicts that BCH may perform worse in the Mt.Gox distribution because no creditors initially purchased BCH and BCH has much lower liquidity than BTC. So, once these tokens are distributed, BCH will perform worse relative to BTC. 😰

In general, although the compensation for the Mt.Gox bankruptcy case is expected to begin in July, the final amount of compensation may be lower than market expectations. We remain optimistic about Bitcoin. 😉