For those with the patience to follow their Mt Gox bankruptcy claims there is a small shining light. The custodian is holding onto over 200 thousand bitcoins. Those that Mark Karples casually found in his back pocket when feeding his cat. They have not been sold, likely won't be and are steadily gaining value.
The hilarious thing is these bitcoins are going up in value and are now worth around 14 billion Yen. having doubled in value the last months. Should this continue, then those 200 thousand bitcoin might actually be worth the total sum of what is owed to MtGox's creditors. The magic value is $2185 USD or 225284 Japanese Yen per bitcoin.
Considering the bankruptcy case has already taken three years there could be plenty of time for this to happen. We just need to continue the trend seen over the last two years. The seemingly innocent, chubby and softly spoken Mark, could somehow ridiculously fall on its feet.
The hilarious thing is these bitcoins are going up in value and are now worth around 14 billion Yen. having doubled in value the last months. Should this continue, then those 200 thousand bitcoin might actually be worth the total sum of what is owed to MtGox's creditors. The magic value is $2185 USD or 225284 Japanese Yen per bitcoin.
Considering the bankruptcy case has already taken three years there could be plenty of time for this to happen. We just need to continue the trend seen over the last two years. The seemingly innocent, chubby and softly spoken Mark, could somehow ridiculously fall on its feet.
No comments:
Post a Comment