Why the Mt. Gox Repayments May Not Hurt the Bitcoin Price Much - Ep. 666
Unchained28 Jun 2024

Why the Mt. Gox Repayments May Not Hurt the Bitcoin Price Much - Ep. 666

Ten and a half years after filing for bankruptcy, Mt. Gox is finally set to disburse 142,000 Bitcoin worth nearly $9 billion to creditors between July and October. Market concern has been growing over the potential impact on Bitcoin prices, but Alex Thorn, head of research at Galaxy, explains why only a small fraction of those bitcoins will be sold. He also discusses the implications of this redistribution on the market, the potential success of Ethereum ETFs, and the chances of a Solana ETF approval. Show highlights: 00:00 Intro 02:04 Why Alex estimates the amount of bitcoins that creditors sell will be a tiny fraction of the 142,000 to be repaid 13:35 What market shocks could arise from Mt. Gox creditors receiving billions in Bitcoin, and why he believes Bitcoin Cash is the real wild card 18:18 Whether Ethereum ETFs could be as successful as Bitcoin ETFs in attracting investors 23:06 Whether potential outflows from Grayscale's Ethereum Trust will dampen the excitement around Ethereum ETFs 25:07 How the combination of Mt. Gox repayments, Ethereum ETFs, and German and American government Bitcoin sales might affect crypto prices 27:32 The chances the SEC approves a spot Solana ETF Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot Guest Alex Thorn, head of research at Galaxy Previous appearance on Unchained: How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection Links Mt. Gox. Unchained: Crypto Market Sees $300 Million Liquidated as Bitcoin Briefly Drops Below $59,000 CoinDesk: Mt. Gox to Begin Repayments in July Governments selling: Unchained: US Government Sends $241 Million in Bitcoin to Coinbase: Arkham Cointelegraph: German gov’t offloads 900 Bitcoin, 400 BTC sent to Coinbase and Kraken Solana ETF Reuters: Investment manager VanEck files to list first spot Solana ETF in US | Learn more about your ad choices. Visit megaphone.fm/adchoices

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1276)

Paid Partnership: How Nexo Wants You To Build Wealth Using Crypto

Paid Partnership: How Nexo Wants You To Build Wealth Using Crypto

SPONSORED CONTENT: This video is a paid partnership with Nexo. It was produced in collaboration with Nexo and is separate from Unchained's editorial coverage. Nexo is a digital asset wealth platform ...

5 Okt 24min

The Chopping Block: Bitget's 387 Million Dollar Hack, Kalshi's Cooked Perps Volume, and Agentic Bank Runs

The Chopping Block: Bitget's 387 Million Dollar Hack, Kalshi's Cooked Perps Volume, and Agentic Bank Runs

North Korea takes $387 million from Bitget and moves it through THORChain while NEAR's Shield freezes what it can, a Consensys validator hack tests whether staking was ever the risk-free rate, a quant...

2 Okt 1h 5min

Uneasy Money: The $388M Bitget Hack Started With a Security Vendor

Uneasy Money: The $388M Bitget Hack Started With a Security Vendor

Taylor Monahan ties the Bitget hack to North Korea and the crew asks why THORChain still avoids the scrutiny Tornado Cash got. ======================================================== Thank you to o...

1 Okt 1h 23min

Is Hunter Biden's $LAPTOP Coin a Scam? He Says the Wallets Prove It Isn't

Is Hunter Biden's $LAPTOP Coin a Scam? He Says the Wallets Prove It Isn't

Hunter Biden walks through the $LAPTOP launch, when thin liquidity sent the token to a $317 billion market cap in a minute, and why he says it isn't a scam. ==========================================...

1 Okt 55min

DEX in the City: The Hosts Sign Off With Their Best Advice for Women in Crypto

DEX in the City: The Hosts Sign Off With Their Best Advice for Women in Crypto

In their final episode on Unchained, Katherine Kirkpatrick Bos, Jessi Brooks, and Vy Le share the advice they give women entering crypto. Plus, Vy on the Senate meeting after FTX. ===================...

1 Okt 56min

How Bitget Is Chasing $388 Million in Stolen Funds After a Zero-Day Hack

How Bitget Is Chasing $388 Million in Stolen Funds After a Zero-Day Hack

Bitget lost $388 million — and days later, CEO Gracy Chen says scammers posing as a major investment team targeted her. ======================================================== Thank you to our spon...

30 Sep 1h 6min

Why the Crypto Market Cap Could Reach $50 Trillion This Cycle

Why the Crypto Market Cap Could Reach $50 Trillion This Cycle

Ran Neuner argues crypto has finally found product-market fit, and a BlackRock report on AI agents and blockchain rails convinced him the thesis may be much bigger than he thought. ==================...

25 Sep 49min

Why Kalshi's Timeline Fight Put Its ETH Perp Volume Under a Microscope: Uneasy Money

Why Kalshi's Timeline Fight Put Its ETH Perp Volume Under a Microscope: Uneasy Money

Kalshi's ETH perp did half a billion in volume on $3 million in open interest. Kain and Taylor lay out why that isn't necessarily wash trading. Plus, Austin joins as co-host. ========================...

24 Sep 1h 9min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
forklart
popradet
fotballpodden-2
stopp-verden
det-store-bildet
dine-penger-pengeradet
rss-espen-lee-usensurert
nokon-ma-ga
rss-gukild-johaug
hanna-de-heldige
aftenbla-bla
rss-ness
frokostshowet-pa-p5
bt-dokumentar-2
e24-podden
rss-penger-polser-og-politikk
ta-dokumentar