There’s no way a large portion of Mt. Gox HODLRS are selling rn!
Is it just me or is the likely hood of Mt. Gox payouts being sold off extremely low? If they are witnessing the same things we are witnessing they know Bitcoin is far from over. I can see people taking some profits but, they could just collateralize 5% of their holdings every year and start getting immediate fiat loans that are tax free. And you can then just buy more Bitcoin with it? The market just took that Germany sell-off in the chin and laughed in its face. Larry Fink deemed it “a legitimate financial instrument” on Jim Cramer’s show. What do you think?
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