FRNT Financial CEO: Traders May Have Overreacted to Mt. Gox Repayment Event
2024-07-06 16:29:33
Stephane Ouellette, CEO of FRNT Financial Inc., said traders may have overreacted to the Mt. Gox repayment incident. He said the German government may liquidate $2.30 billion worth of bitcoin, which poses a bigger immediate threat to the market. Not all of the bitcoin they distribute will be sold, the market is struggling to find a story, and bitcoin bulls are now salivating, hoping this will be a great buying opportunity.
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