Bitcoin Price May Not See Any Adverse Effects from Mt. Gox Payouts • Live Bitcoin News

The Mt. Gox creditor debacle has cast a dark shadow over the Bitcoin industry. Some experts are concerned about how the situation will unfold. Affected victims are expected to be compensated in the near future, sparking some concern that it may trigger a market sell-off, although it is equally likely users will simply hodl their coins for the future.

Paying Back Mt. Gox Creditors

When the Mt. Gox exchange went offline, a lot of money was stolen from clients. Several years down the line, roughly $1 billion worth of funds has been recovered. This money resides in the control of the exchange’s trustee. It is expected the payments will begin trickling in over the next few weeks. Several thousand BTC will be distributed among victims of the defunct exchange.

Since the hack, Bitcoin’s value has increased significantly. Some market experts believe the creditor’s action will trigger major sales of Bitcoin. One “expert” even goes as far as claiming this process may collapse the…