One of the most anticipated events of the decade is about to happen in July and may bring high volatility to Bitcoin.
Mt. Gox, the former market giant that went bankrupt in 2014, will start distributing around 142,000 $BTC (equivalent to over $9 billion!) to its creditors.
The big question the market is asking is: how many of these creditors, after 10 years of waiting, will sell their assets to realize profits? A sudden sell-off could significantly impact the price.
No one can predict the outcome, but uncertainty is a breeding ground for volatility 📈