Bitcoin (BTC) experienced an 8% slide on Wednesday, allegedly due to transactions made by wallets linked to the defunct cryptocurrency exchange Mt. Gox and the U.S. government.
Crypto-services provider Matrixport published a report on Thursday analyzing the potential market impact of the Mt. Gox haul, concluding that the event would have limited effects on the bitcoin price.
However, investors should keep an eye on the distribution of these bitcoins, Matrixport warned. The 2014 Mt. Gox hack resulted in the theft of 850,000 bitcoins, only 200,000 of which have been recovered.
Creditors will receive a base payment with four options to receive the remainder of their funds, with the deadline for repayments set for September 30.
The report highlighted that only a fraction of the original amount held by creditors will be compensated, with $1.7 billion in cash, 141,000 bitcoin and another 142,000 bitcoin cash (BCH) to be distributed as part of a civil rehabilitation plan.
