Analysis: The panic over the selling pressure from Mt. Gox repayments is likely overstated

ChainCatcher news, according to Decrypt, a trading report from investment firm Off the Chain Capital suggests that Mt. Gox creditors will start receiving payments next week, but they may be reluctant to part with the tokens they have held for a decade.

Off the Chain Capital CEO Brian Dixon wrote in the report: "Once Mt. Gox is fully allocated, I believe the market generally will not immediately start selling these assets, as I haven't seen many creditors sell after receiving Bitcoin, like they did a few years ago." The reason is that Bitcoin has matured significantly since Mt. Gox filed for bankruptcy in 2014.

"Creditors must ask themselves whether they need this cash to buy something, or if it is better to hold Bitcoin as a long-term store of value," he added, noting that BTC has been the best-performing asset for 12 out of the past 15 years.