Is it for real this time? 🌋 Bitcoin continues to bleed, as the defunct exchange Mt.Gox is finally ready to return more than 140,000 BTC to users whose assets were stolen 10 years ago.
According to a notice by the Mt. Gox trustees, repayments of Bitcoin and Bitcoin Cash will start in early July.
Since the announcement, the price of BTC has fallen by 5.1% from $62,700 to $59,500, but it has since rebounded slightly to $60,700 today. BCH also plunged by 5.4% from $370 to a low of $350 before making a full recovery to $371 today.
However, analysts expect that the amount of tokens that will be returned to users will be less than expected, resulting in much lower selling pressure.
Some have also argued that the lengthy process for receiving claims from Mt. Gox meant that users who wanted their money back earlier would have already sold their claims to users who were willing to hold on to the returned BTC. Editor's Note: Historically, FUD around Mt. Gox has done little to negatively affect the price of Bitcoin, often preceding several rallies for BTC. With that said, should users actually receive their tokens this time around, expect some volatility and a potential shift in the current market structure. On the other hand, it might very well be a non-event. | 
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