Bitcoin (CRYPTO: BTC) has experienced a 5% surge in its price over the past week, a rise attributed to speculations about a potential postponement of Mt. Gox's repayments until 2024, according to a report.
Although crypto trading firm QCP Capital still expects Bitcoin to fall to $22,000 in October, The Block reported.
This development comes ahead of Benzinga's Future of Digital Assets conference on Nov. 14, which will delve into various facets of the crypto realm.
Earlier this year, creditors of the now-defunct crypto exchange Mt. Gox, which went into bankruptcy protection in 2014, faced an April deadline to submit their reimbursement claims.
This set the stage for the repayments to commence by the end of October.
Yet, ...