According to the CEO of a cryptocurrency company, billions of dollars may enter the market with an event in the coming period.
In a recent statement, Coin Bureau CEO Nic Puckrin highlighted a potential catalyst in the cryptocurrency market that has been largely ignored. This catalyst involves cryptocurrency enthusiasts raising $14 billion in fiat money and potentially reinvesting that money into crypto.
It's been nearly two years since FTX's collapse, and the landscape has changed significantly since then. The primary development is the bankrupt company's plan to repay 118% of all creditor dollar demands, a staggering $14.5 billion. This money will go to people who have already invested in crypto, according to the analyst.
Source - bitcoinsistemi
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