Impact Of Mt Gox, Germany Sales On Bitcoin: 'Lettuce Hands Are Flushed Out'
Portfolio Pulse from Khyathi Dalal
Fred Krueger and Ash Crypto discuss the potential impact of Mt Gox repayments and sales in Germany on Bitcoin's market cap. Krueger estimates a significant price drop if $4 billion worth of Bitcoin is sold, while Ash Crypto believes the impact may be overstated. Both highlight potential volatility but also foresee market stabilization.
July 05, 2024 | 8:12 pm
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Fred Krueger and Ash Crypto discuss the potential impact of Mt Gox repayments and sales in Germany on Bitcoin's market cap. Krueger estimates a significant price drop if $4 billion worth of Bitcoin is sold, while Ash Crypto believes the impact may be overstated. Both highlight potential volatility but also foresee market stabilization.
Krueger estimates a significant price drop if $4 billion worth of Bitcoin is sold, potentially reducing the market cap by $160 billion. Ash Crypto believes the impact may be overstated but acknowledges potential volatility. Both foresee market stabilization in the long term.
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