Mt. Gox Repayments Predicted to Have Short-Term Impact on Bitcoin Price

1 min read

12 months ago bitnews

The insolvency of the cryptocurrency exchange Mt. Gox is expected to influence Bitcoin prices only in the short term. On-chain analyst ZachXBT believes that Mt. Gox’s actions will trigger only weak Bitcoin traders. ZachXBT predicts that investors will respond primarily to the first significant transaction involving at least 5,000 BTC sent to centralized exchanges. Explore