UBS Strategists Forecast Limited Impact of Forthcoming Mt Gox Distributions on Bitcoin Price
The cryptocurrency market has been abuzz with news of the upcoming Mt Gox distributions. Mt Gox was once the largest Bitcoin exchange in the world, but it collapsed in 2014 due to a massive hack that resulted in the loss of hundreds of millions of dollars worth of Bitcoin. Now, the trustee overseeing the bankruptcy of Mt Gox has announced plans to distribute the remaining funds to creditors. However, UBS strategists have recently forecasted that the forthcoming Mt Gox distributions will have a limited impact on the Bitcoin price.UBS strategists