Re: The Mysterious Chinese Bitcoin Whale Hoarded 94,000 BTC
I hear that news is not just china but some groups like MTgox I read they also save and have hundreds of thousands that can be a time bomb to destroy bitcoin prices.
Do you even know what MTGox is? This exchange is dead for years and they don't have any coins. The coins belong to the people who had funds on the exchange during its collapse and will be returned to them very soon. In other words all Gox funds will be distributed among creditors, which won't change anything about the market.
I have heard about that few times but it is amazing for me that is causing no changes in overall mood on the market and even the price was not shaking that days, so probably maybe this information is fake?
Yes, it's most likely made up, just like the so called institutional money coming to Bitcoin
