One Billion Dollars’ Worth of Bitcoin to Flood Market, Courtesy of Mt Gox

[kreslik.news]

Over one billion dollars’ worth of Bitcoin, out of circulation since 2014, will be re-absorbed into the market soon – and some say that this will cause the market to crash.

Mountain of Gox

I am referring to the money that was stolen from Mt Gox, once the world’s foremost Bitcoin exchange. In early 2014 it lost 850,000 bitcoins, worth $460 million at the time (and $5.5 billion now), to thieves that have not been found to this day.

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18]Join the Leading Industry Event![/url]

A large number of bitcoins were recovered, although by no means all, and they were put in the ... (read more)