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I believe there are still something on the order of 150,000 BTC waiting to be dumped on the market as the Mt. Gox bankruptcy (I guess it's "civil rehabilitation
by SI_Rob 6y ago
I believe there are still something on the order of 150,000 BTC waiting to be dumped on the market as the Mt. Gox bankruptcy (I guess it's "civil rehabilitation" now) slowly grinds along to resolution. Not all of them will be sold of course, but a decent fraction of those people are probably crossing into retirement age by the time they will, and they will likely need the cash money more than the cryptopunk ideology by then.
- dehrmann 6y agoIf it's anything like the fast run-up, that many people cashing out could really hit the price.