Michael (babrzuch)

I just completed "Join the Scroll Sessions" on Layer3 - https://app.layer3.xyz/quests/join-the-scroll-sessions

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I just completed "Coop Records: OXYGEN" on Layer3 - https://app.layer3.xyz/quests/coop-records-oxygen

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recast:farcaster://casts/0x1e0854e5abbc33a2d15da95cf3b349e6d244fea26796cbef4a8ad16f26f1da0e

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Currently, an average of around 30,000 #Bitcoin are moving to the crypto exchanges every day. The distribution of Mt. Gox #Bitcoin involves a total of ~140,000 $BTC to be distributed over a period of 90 days. This results in a daily average of 1,556 $BTC per day, compared to the current standard 30,000 $BTC going to the exchanges per day. So about 5% more on average. Yes, the approximately 48,641 $BTC transferred to Kraken will increase the average of 1,555 $BTC per day somewhat in the short term, but the potential selling pressure will be much lower than many market participants expect.

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