Analyst: Selling pressure from Mt. Gox debt repayment may not be as severe as expected

Swan Bitcoin's senior analyst Sam Callahan believes that the impact of Mt. Gox's distribution of Bitcoin on the Bitcoin price may have been exaggerated. The selling pressure caused by Mt. Gox's debt repayment may not be as severe as expected, and creditors who want to sell Bitcoin now have more than 10 years to sell their bankruptcy claims to more determined long-term investors. In addition, most creditors may hold Bitcoin because their cost basis is below $700 per Bitcoin. Galaxy Research stated in a report on Monday that out of the designated allocation of 141,000 BTC, 65,000 BTC will be delivered to individual creditors, while another 30,000 BTC will be delivered to the claim fund and separate bankruptcies. It can be reasonably assumed that most of the BTC received by the fund from creditors will be distributed in physical form to LPs rather than sold. This alleviates people's concerns.