Mt. Gox’s Looming $9B Payout Could Weigh on Bitcoin Prices, K33 Research Warns

The cryptocurrency market has largely ignored the recent price drop, but there’s a potential factor emerging that may cause prices to decrease further over the coming weeks, potentially hindering any upcoming rally.

In simple terms, the authors warn that Mt. Gox coins might cause a significant drop in price within the upcoming weeks.

Read more: Mt. Gox Moves Seemingly Closer to Bitcoin Repayments for 2014 Hack Victims

In mid-March, creditors observed a comparable adjustment in their payment schedules according to several reports, with some users stating they had already received the funds transfer.

If the crypto payout procedure is similar to traditional refunds, creditors may be able to receive their digital assets as early as next month, according to the authors.

Creditors might not collectively sell their payments as the report suggests, but this possibility may make investors hesitant and averse to taking risks in the market before the event unfolds.

“Creditors may choose not to sell their securities right away when repayments are due, but this doesn’t automatically mean selling pressure. However, if large amounts of these securities reach the market all at once, it could potentially scare off investors,” Helseth and Lunde explained.