Will Mount Gox Change the Price of Bitcoin?

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Mount Gox (Mt.Gox)

This is the story of Mount Gox, one of the earliest Cryptocurrency exchanges in the world. Mount Gox  was founded in Tokyo, Japan in 2010 by Mark Karpelès and at one stage it was handling 80% of all worldwide Bitcoin transactions. Unfortunately in 2014 Mount Gox was forced to close its website down because it had been hacked and 800,000 Bitcoins had been stolen.

However, after a protracted legal battle with Japanese authorities that lasted nine years and many attempts to recover Bitcoins on behalf of his customers Karpelès is now able to offer 10,000 Mount Gox customers a refund in Bitcoin. As you imagine Bitcoin has increased in price a lot since 2014.

Please watch the video to discover the full story and the likely impact that Mount Gox refunds will have on the price of Bitcoin.

After you have watched the video, please let me know your thoughts in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you invested in Bitcoin? Will you invest before the Bull Run starts next year? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike