In the report, he said he'd started selling off the bitcoin and bitcoin cash to raise money for disbursements that the trustee will soon need to begin making as bankruptcy claims are being evaluated, per Bloomberg.
Well I am not a crypto Guru but this doesnt seem like a bad reason to sell off the bitcoin. Is it?
He says he will offload them soon.
Hmmm so in other words bitcoin might go lower than 6k this time...mehn this is bad news enough for today.
Its not all bad, more supply and a nice entering point :)