The Traderszone Network

Published in TZ Latest News 14 February, 2017 by The TZ Newswire Staff

Hedge Funds Buying Out Claimants Of Mt. Gox Betting Bitcoin Will Go Up

Four or more hedge funds in the U.S. and Japan are making a bet that the price of bitcoin will go up, buying or offering to buy claims from the thousands of former trading account holders who saw their bitcoin holdings evaporate when Mt Gox, one of the world’s biggest bitcoin exchanges at the time, filed for bankruptcy in Feb. 2014.

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