Analysis: Panic over Mt. Gox repayment pressure is overblown

A trading report from investment firm Off the Chain Capital suggests that Mt. Gox creditors will begin receiving payouts next week, but they may be reluctant to give up the tokens they have held for a decade. “Once Mt. Gox is distributed, I believe the market will generally not start selling these assets immediately because I don’t see many creditors selling Bitcoin as soon as they received it, as they did a few years ago,” Off the Chain Capital CEO Brian Dixon wrote in the report. The reason is that Bitcoin has matured considerably since Mt. Gox filed for bankruptcy in 2014. “Creditors must ask themselves if they need this cash to buy something or if Bitcoin is better used as a long-term store of value,” adding that BTC has been the best performing asset in 12 of the past 15 years. (decrypt)