Could This Boost Crypto Markets?
As the bankrupt crypto exchange FTX prepares to repay its creditors, analysts are predicting the fund distribution will kick start a bullish cycle in 2025.
FTX’s Chapter 11 reorganization plan will become effective on January 3, and the initial payment is expected to occur within the next 60 days. According to some analysts, the move will potentially inject around $16 billion into the market.
Can FTX Repayments Usher in a Bull Run?
With the upcoming FTX repayments in Q1, billions in fresh capital returning to traders’ hands will likely lead to a rise in investments. FTX said it aims to return 98% of the funds lost by its customers. The repayments will be made through BitGo and Kraken.
Most notably, the crypto…
