Mt. Gox's largest creditor believes distribution will not have an impact on Bitcoin price

As the defunct exchange Mt. Gox inches closer to returning about $9 billion in bitcoin a decade after filing for bankruptcy, cryptocurrency investors are increasingly concerned that this will suppress bitcoin prices, Golden Finance reported. But big creditors and long-term market participants don't expect bitcoin's price to take a lasting hit. Many plan to either keep the tokens or gradually sell them, betting that prices will continue to rise. They're counting on recently approved U.S. exchange-traded funds to absorb any newly listed tokens. Blockstream Corp. CEO Adam Back said it would be a strange time to sell bitcoin at the start of a bull run. Adam Back is a creditor who plans to keep his bitcoin allocation. Since you've waited 10 years, why not wait a year or so? Some people may need liquidity now, but I think it's just a few funds because people have already transferred or philosophically viewed it as a deadweight loss a few years ago. Brian Dixon, CEO of Off the Chain Capital, another large creditor that has acquired Mt. Gox's claims over the years, said the company plans to sell its bitcoins, but will only do so if it finds better investment opportunities.