🔥Hot News🔥Odaily Planet Daily reported that although Mt.Gox's action to repay creditors triggered a widespread sell-off in the crypto market, with a single-day liquidation amount of more than $665 million, the market is still optimistic about Bitcoin's medium-term prospects🚀.
Rich Rosenblum, co-CEO and co-founder of GSR, said that the amount to be paid by Mt.Gox is expected to be a burden on the market in the third quarter, which is almost the same as the number of Bitcoins mined in the first year after the halving. 📉 But he stressed that once this part of the burden is digested, there is still enough time for the price of Bitcoin to hit a new record high before the end of the year. 📈
Despite the short-term pressure on the market, the medium-term outlook for Bitcoin remains bright. Let us wait and see whether Bitcoin can hit a new high before the end of the year! 💪