Galaxy Research Director: Mt. Gox’s Bitcoin will be held for the long term rather than sold

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Cointime2024/07/05 02:25

By:Cointime

On July 5th, Galaxy research director Alex Thorn posted on X platform that regarding the transfer of 47,228 BTC from the Mt.Gox wallet today, Alex Thorn speculates that this transfer was made to one of the distribution agents. If this is correct, we may see more similar transfers, totaling about 100,000 BTC, unless the custodian unnecessarily re-adjusts the internal wallet like they did on May 27th. I still believe that Mt.Gox's Bitcoins are more likely to be held long-term rather than sold.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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