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Galaxy: The vast majority of Mt.Gox creditors claim they will receive compensation in kind and will not sell off in large quantities

Galaxy: The vast majority of Mt.Gox creditors claim they will receive compensation in kind and will not sell off in large quantities

Bitget2024/06/30 03:13
BTC-0.86%

According to Alex Thorn, the research director of cryptocurrency asset management company Galaxy Digital, the vast majority of creditors he has spoken with have indicated that they will be repaid in kind, i.e., in cryptocurrency rather than fiat currency. They will also primarily hold these assets. In addition, many top holders who own Mt. Gox's assets are well-known in the Bitcoin community, including early Bitcoin investor Roger Ver, Blockstream co-founders Adam Back and Greg Maxwell, and former executive director of the Bitcoin Foundation Bruce Fenton. Alex Thorn stated that based on conversations with institutional investors about to receive rewards,"we believe this group won't sell off en masse." However, Barclays Bank Managing Director Glover disagrees; he believes that after waiting for many years, creditors may still make a large-scale sell-off as they have an opportunity to lock in substantial profits - "some people would obviously choose to take the money and run".

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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