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FTX is set to redistribute between $12 billion and $16 billion in cash to its creditors in October and November 2024. This substantial return of funds, totaling up to $16,000,000,000, is expected to have a significant impact on the cryptocurrency market in Q4 2024. Anthony Scaramucci has projected that 40-50% of the returned amount could flow back into digital assets, potentially boosting Bitcoin and other cryptocurrencies.
FTX CREDITORS WILL NOW RECEIVE $14-$16 BILLION IN CASH IN OCTOBER THROUGH NOVEMBER. IMAGINE ALL THAT MONEY FLOWING INTO BITCOIN AND ALTCOINS. MASSIVE PUMP IS COMING IN Q4 🔥 https://t.co/uE6ZfpQOzJ
Anthony Scaramucci: FTX will soon return $16 billion in cash to customers. This could be a boon for Bitcoin, as we expect 40-50% of that amount to flow back into digital assets. https://t.co/vvIjvbleeV
FTX will re-distribute $16,000,000,000 to their creditors in Q4 2024 There might be a chance a big part of that money flows back into #crypto https://t.co/ntX0b7QNhu