Is Mt. Gox delaying $13bn in Bitcoin repayments good for crypto markets? – DL News
- Mt. Gox has delayed repaying creditors.
- The repayments would flood markets with $13 billion worth of Bitcoin.
- The delay is good for markets, market watchers say.
Mt. Gox has delayed repaying roughly $13 billion in Bitcoin by another year, and that’s good for crypto traders, according to industry insiders.
The defunct crypto exchange’s decision to delay repayments until October 31, 2026, will remove uncertainty in the near term, analysts say.
“This delay gives the market more time to absorb eventual inflows and signals continued maturity in how crypto assets are managed and priced in,” Charles d’Haussy, CEO at decentralised derivatives exchange dYdX, told DL News.
The one-year delay comes after US President Donald Trump rocked…
