GM Brew Crew, you know that feeling when you can’t find a parking spot… then all of a sudden the car right in front of you pulls out and gifts you a front row position? I bet you get that same feeling after this morning’s read. Let’s dive in ⬇️

On the menu today:

• 🫣 MT. GOX APPROACHES REPAYMENT DEADLINE

• 🦾 EU PLANS TO FOCUS HEAVILY ON THE METAVERSE

• 😱 $800 BILLION BANK PREDICTS BULLISH BITCOIN PRICE

Today’s Charts:

🫣 MT. GOX APPROACHES REPAYMENT DEADLINE

The former giant of a Bitcoin exchange that was hacked, Mt. Gox, is expected to partially reimburse investors for their stolen crypto by October of this year.

The collapse of Mt. Gox in 2014, the largest BTC exchange at the time, resulted in a significant loss of 850,000 BTC (4% of all BTC) due to a security breach. Now, it is time for them to fulfill their obligations.

Why is this noteworthy?

Gox users have been unable to access their valuable coins for 9 years, and as we are aware, BTC has experienced remarkable growth since then.

The question remains: how will investors react when their previously stolen BTC is returned to their wallets?

It is important to note that Mt. Gox will only be repaying the amount they were able to recover primarily 142,000 BTC ($4.3 Billion) to 10,000 former Gox users.

🦾 EU PLANS TO FOCUS HEAVILY ON THE METAVERSE