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Crypto Crisp: There it was, the height of Mt. Gox fear

Crypto Crisp: There it was, the height of Mt. Gox fear

The Mt. Gox estate announced today that it will begin repaying creditors, with the total repayment amounting to as much as $8.5 billion, starting in July. The market reacted negatively to this news, causing Bitcoin to drop by 4%. However, we believe we are at or near peak panic, so there is, in reality, not much to fear.

Crypto Moves #31 – Do Not Fear Mt. Gox Repayments

Crypto Moves #31 – Do Not Fear Mt. Gox Repayments

There is no reason to fear the imminent Mt. Gox repayment to creditors. Instead, you should be encouraged by the extremely positive developments happening right before our eyes. In this note, we compare these factors with the Mt. Gox estate situation.

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