Episode 148 - What is Mt Gox and what will happen when 150000 BTC erupt from it?

Good morning!  This morning is all about Mt Gox.  Apparently the entities behind the Mt Gox hack implosion settlement have announced that  they will be releasing 150k BTC onto the market beginning in August.  What does this mean for BTC and the market? Is this a Black Swan event or a buying opportunity?  But first of all, what is Mt Gox?  The crypto world has a ton of internal jargon and significant events that have happened that no one else really knows about and when we talk about it, it can be hard for outsiders to understand.  So in this episode I give a brief history and definition of Mt Gox.

Sources:

 

https://www.bitcoininsider.org/article/174382/150000-btc-could-flood-market-mt-gox-creditors-set-receive-repayment

https://thenextweb.com/news/a-brief-history-of-mt-gox-the-3b-bitcoin-tragedy-that-just-wont-end

https://en.wikipedia.org/wiki/Mt._Gox

https://thebitcoinnews.com/one-billion-dollars-worth-of-bitcoin-to-flood-market-courtesy-of-mt-gox/

https://www.outlookindia.com/business/celsius-network-continues-to-be-in-eye-of-storm-faces-lawsuit-from-former-employee-news-207835