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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoiners Need To Chill – Experts Say MtGox Activity Won't Affect $BTC Prices

MtGox Bitcoin Samson Mow Ki Young Ju Crypto CryptoQuant
MtGox's repayments have triggered fear among many Bitcoin holders, considering the massive amount the collapsed exchange has to liquidate to pay off its creditors before its October deadline. (Credit: Marco Verch/flickr)

KEY POINTS

  • The defunct crypto exchange previously said repayments will begin this month
  • CryptoQuant's CEO said Bitcoin prices are 'in the clear' if MtGox goes for OTC selling
  • Samson Mow said the billions worth of $BTC MtGox holds are not necessarily being sold
  • An investor said the crypto market may be 'overestimating' MtGox's dump

MtGox, the collapsed cryptocurrency exchange giant that will repay its many creditors in billions worth of Bitcoin, has triggered a wave of fear among holders of the world's top digital asset by market value. However, some industry experts said the exchange's repayment activity will not affect $BTC prices.

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