Kobayashi’s transactions published indicate that the mass sell-off of the Mt Gox BTC was potentially a driving force behind the December 2017 and January 2018 Bitcoin pricing slump.
many are hopeful that with waiting for the next Mt. Gox court date, Kobayashi won’t be able to dump another load of coins on the market. But, in fact, the September 18th court hearing is irrelevant
because Kobayashi already has been authorized to sell-off meaning he doesn’t have to wait to off-load more coins. But perhaps waiting anyway. In any case there will be a mass dump at some point.
It emerged that the trustees of bankrupt Japanese exchange Mt Gox had sold bitcoin holdings worth $US400 million since the end of last year.
Mt Gox has a stash of bitcoin worth $US1.7 billion that will be dumped onto the market at a later date.
many are hopeful that with waiting for the next Mt. Gox court date, Kobayashi won’t be able to dump another load of coins on the market. But, in fact, the September 18th court hearing is irrelevant
because Kobayashi already has been authorized to sell-off meaning he doesn’t have to wait to off-load more coins. But perhaps waiting anyway. In any case there will be a mass dump at some point.
It emerged that the trustees of bankrupt Japanese exchange Mt Gox had sold bitcoin holdings worth $US400 million since the end of last year.
Mt Gox has a stash of bitcoin worth $US1.7 billion that will be dumped onto the market at a later date.