The MTGOX trustee has recently revealed plans for a $9.4 billion Bitcoin (BTC) refund, set to commence in July. This refund will benefit approximately 127,000 creditors of Mt Gox, who will collectively receive $9.4 billion worth of BTC. After being kept off the market for a decade, this significant supply is finally poised to enter the exchanges. However, investors are expressing caution in light of the surplus supply and the waning interest in the ETF channel. Consequently, this development may pave the way for new attempts to push the Bitcoin price below the $60,000 mark. Stay informed with the latest technology news by visiting Access NEWSLINKER.
