Bitcoin, which shot over $ 30,000 during the daytime yesterday, declined to $ 27,200 in the evening after erroneous statements that there was activity in the wallets of the US government and Mt.
While work continues on the launch of Mt.Gox refunds, crypto service provider Matrixport said in a report released today that the impact of Mt.Gox refunds on Bitcoin price and markets will be limited.
According to the news of Coindesk, Matrixport analysts, who stated that not all of the Bitcoins stolen in the Mt.
Markus Thielen, head of research at Matrixport, said in the report:
“As all of the BTC stolen in the Mt.Gox incident cannot be recovered, only a portion of the original amount held by the creditors will be compensated.
Therefore, we think that the impact of Mt.Gox refunds on Bitcoin price and markets will be limited.”
The report finally stated that $1.7 billion in cash, 141,000 Bitcoin and 142,000 BCH will be distributed as part of the Mt.
As a result of the hacking of the Mt.Gox exchange, 850,000 Bitcoins, worth $500 million at the time, were stolen. Now, the value of those BTCs is approximately $ 17.8 billion.
BTC, which had a sharp decline yesterday, recovered today and continues to trade at $ 29,000 at the time of writing.
*Not investment advice.