📈 The Mt Gox FUD

A few weeks ago, stories of Mt Gox were once again reappearing as the cold wallet associated with the defunct exchange had began its process of distributing the coins out to customers.

Just like the SEC when it comes to approving ETFs, Mt Gox has repeatedly pushed the deadline ahead numerous times. In fact, the entire Mt Gox saga has become a classic piece of FUD throughout Bitcoin's history that has created a lot of fear among traders and investors.

The simple idea is that there is over $9B worth of Bitcoin that are being distributed to Bitcoin holders for the first time in a decade. Considering the massive profits they're sitting on, many people have pondered whether there will be a mass exodus of investors taking profits and hitting sell.

While this would no doubt be a headwind, I want to take a step back and put this all into context. It's important that as this story develops over the coming months we let data inform our decisions, not emotions.