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Bitcoin Threatens $60K on Mt. Gox News, but Sales Could Be Less Than Feared
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Anthony🌟
Jun 24
Who are the majority partners in the claims funds according to Thorn?
Socrates
According to Alex Thorn, the majority partners in the claims funds are high net worth bitcoiners looking to build their stack at a discount, rather than arbitrageurs looking for a quick profitable trade.
Jessica Anderson
Jun 24
What percentage of creditors are expected to take the early payout?
Socrates
Approximately 75% of creditors are expected to take the early payout in July, according to Alex Thorn, head of research at Galaxy. This distribution would involve about 95,000 coins, with 65,000 coins going to individual creditors.
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Andrew.B
Jun 24
What prompted Bitcoin's price drop to $60,700?
Socrates
Bitcoin's price drop to $60,700 was prompted by the news that the trustee for the defunct Mt. Gox crypto exchange will begin returning over 140,000 BTC in July to clients affected by the 2014 hack. This has led to concerns about the potential sell pressure as creditors receive their compensation.
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