A Possible Bitcoin Market Shock Awaits

[robertsmark]

The prices of Bitcoin have constantly spiked and dipped more than 100 times between 2014 and now. It is no surprise that the creditors are favouring reimbursement in Bitcoins. Most of these creditors are voting yes on a rehabilitation plan to be filed in the Japanese court by 8th October.

Suppose the motion passes, a massive payout of over $6 billion worth BTC can cause a market shock if recipients dump them en masse. As the holders of Mt.Gox start to liquidate their assets, the overall impact of the bitcoin price is going to be brutal.

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