Mt.gox custodian pauses selling Bitcoin, investors bullish on Bitcoin

in bitcoin •  7 years ago 

According to CNBC, Nobuaki Kobayashi, the trustee for the bankrupt cryptocurrency exchange Mt Gox in Japan, has suspended the sale of Bitcoin. This news has increased investors' bullish sentiment towards Bitcoin. This trustee issued a report last week that it had sold 35,000 Bitcoin in the past six months, which is also considered to be one of the reasons for the slumping of Bitcoin. He currently still holds 166,000 Bitcoin, but they said that the sale of the remaining Bitcoins requires regulatory approval, so there should not be a large-scale sell-off situation for the time being.

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