July 20, 2024

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Analyst: Mt Gox Repayment Event Will Cause 4x the Selling Pressure for BCH Compared to BTC

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Analyst: Mt Gox Repayment Event Will Cause 4x the Selling Pressure for BCH Compared to BTC
Analyst: Mt Gox Repayment Event Will Cause 4x the Selling Pressure for BCH Compared to BTCPeter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July and October. According to Chung, BCH will hurt the most with this selloff, given its weaker investor […]