In that poll, those users, who received compensation from Mt. Gox in Bitcoin, revealed what they are going to do with the newly received BTC. The survey shows that the majority of the voters do not plan to sell it.
Two hundred sixty Redditors chose the “zero” option, which accounted for 55% of the voters. Eighty-eight Redditors voted for selling all of the BTC they will receive or have received from Mt Gox via centralized and currently operational cryptocurrency exchanges – that was 18% of the voters. Sixty-eight people said they would sell from 1% to 25% of their Bitcoin. Twenty-six Redditors chose the option of selling 25% to 50%.
Earlier this week, Mt. Gox transferred close to $6 billion worth of Bitcoin to crypto exchanges, which will then distribute the funds among Mt. Gox creditors and traders. Those people were hit by a massive funds loss as a result of a hack in 2014. The exchange became nonfunctional after that.
One of those exchanges, the U.S.-based platform Kraken, announced that it had received part of that Bitcoin and intends to send it to Mt. Gox customers within a week or two.
The results of the poll, however, mirror the opinion recently shared by Bitcoin advocate and Jan3 chief executive Samson Mow. He tweeted that he believes only about 20% of that crypto will eventually hit the market. The rest, he believes, will be locked in cold storage vaults.
In 2021, the overall Bitcoin inflow into those wallets amounted to 70,000 BTC.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
