Mt. Gox will send back to its former customers $73 million worth of BCH, worth over 20% of the token's daily trading volume.
Fears that selling pressure from bankruptcy redemptions from Mt. Gox will drive down BTC's price are unfounded, while it could be bearish for Bitcoin Cash (BCH).
Selling pressure for BCH is estimated to be four times higher than for BTC, with BCH's daily trading value being 1/50 of BTC's.
Traders are likely to view the BCH as an airdrop and immediately sell it, given its fork from Bitcoin Cash occurred three years after Mt. Gox's bankruptcy.
Collection
[
|
...
]