While a new bitcoin supply will come to the market, the UBS strategists insist that 'it would be less concentrated.' MtGox
“The most important ones are, first, whether to take an early lump sum payment or wait for further proceedings and additional asset recoveries and second, receiving funds in fiat or crypto,” explained the UBS strategists James Malcom and Ivan Kachkovski.New supply could still come to the market, but this at least implies it would be less concentrated.worth over $19 million and $510 million or 69 billion Japanese yen worth of cash.
Creditors choosing this route need to submit basic KYC/AML information to leverage a crypto exchange to be reimbursed. While it may not be significant, the UBS strategists noted that there’s still potential for fluctuations in Bitcoin’s value amid the disbursement of Mt. Gox Bitcoin. “It’s certainly difficult to estimate the extent to which the market has been pricing massive sales coming from Mt Gox. However, we think such news could have been an additional factor for what we believe could be mainly retail-led — Bitcoin’s surprising resilience of late,” Kachkovksi’s and Malcolm’s note concluded.
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