Government Pressure on the Market: The Threat of Mass Bitcoin Sales

Amid growing concerns about the future of the cryptocurrency market, experts are warning of potential large-scale sales of bitcoin by governments that hold significant reserves of this digital currency, particularly in the context of the Mt. Gox bankruptcy proceedings. This Japanese exchange, which became a symbol of the early waves of the crypto winter, holds over 200,000 bitcoins, equivalent to billions of dollars at current rates.

Continue reading