JPMorgan Chase: Mt. Gox creditors are expected to sell some of their bitcoin receivables next month
2024-06-27 10:42:46
According to JPMorgan analysts, Mt. Gox creditors are expected to sell a portion of their bitcoin receivables next month, which could put pressure on the crypto market initially (while it was underway), but the market could recover somewhat from August, as FTX creditors are also expected to receive repayments in the coming months. The analysts further stated that these repayments from FTX could support the crypto market, with creditors potentially reinvesting their funds in crypto assets.
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