๐จMT.GOX๐จ
The most talked-about event in crypto in the last few days, Mt. Gox has been the main catalyst around that which gives hope to the bears. ๐ป
While the media will try to scare you with a massive sell-off in July, I am here to tell you that that is simply not true. โ๏ธ
They will tell you that 141,000 Bitcoin will be returned to retailers and cause massive selling pressure. ๐ค๐ฑ
What they won't tell you is that 65,000 Bitcoin will be purchased by institutions at a fixed price. ๐ฐ๐ธ
I highly doubt they'd want to sell their Bitcoin right now. ๐ค
While the rest of the supply will go to retail investors, they were given an option to sell their holdings to institutions but declined. ๐๐ช
With that information, I can confidently state that the selling pressure will be minimal. ๐
While a revisit of the $57,000 level might still not be out of the cards, I do believe Mt. Gox won't be the sole reason if that were to happen. ๐ฏ๐
Remember, historically Mt. Gox FUD has been the signal for the short-term low being hit! ๐๐ซ
Bullish times lie ahead of us, stay calm and remember the reason we invest in crypto! ๐ฏ
Life-changing profit is coming. Be ready! โณ๏ธ
#MtGoxJulyRepayments #US_Inflation_Easing_Alert #Bitcoinโ #CPIAlert #Altcoins๐๐
