FXT set to repay 16 Billions to crediters on January 3, 2025. Will those creditors be ready to put back some of the money into crypto?.
FXT set to repay 16 Billions to crediters on January 3, 2025. Will those creditors be ready to put back some of the money into crypto?.
probably many of them will sell off
The (good) difference here is compared to Mt.Gox repayments for example, FTX pays in $ (or dollar pegged stables) as Mt.Gox paid in BTC. So, I'd see this as bullish and there's big chance it'll flow back to crypto. Or some of it at least. 👍