Galaxy Research Director: Most of the Mt.Gox creditors we contacted will be paid in kind and will not sell in large quantities

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Odaily2024/06/30 05:20

By:Odaily

Odaily News Alex Thorn, head of research at Galaxy, said that the vast majority of creditors he has spoken to said that they will be paid in kind, that is, in the form of cryptocurrency rather than fiat currency, and they will also mainly hold these assets, and Alex Thorn believes that this group of people will not sell in large quantities. But Glover, managing director of Barclays Bank, believes that creditors may still sell in large quantities after years of waiting, and they have the opportunity to lock in huge gains. Analysts at JPMorgan said that the possibility of a large-scale sell-off by Mt.Gox creditors will create downside risks next month, although this will be short-lived. (CNBC)

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