Here is the official document so that everyone can see,
https://www.mtgox.com/img/pdf/20220706_announcement_en.pdfSo it's either the recipient has choice of lump sum repayment, cash, bitcoin and or bitcoin cash.
Chances are there will be will availing of the lump sump here, and maybe few on crypto as they have suffered enough of waiting for years. And with that said, cash will be the better options, unless they still want to go to and hold their bitcoin and or bitcoin cash in this bear market.
And there is also an assignment, meaning not all claimants will get everything at the same time (cash or crypto). Going to be a slow process for August up to the end of the year or when all payments have been made.
And thanks to this kind of FUD, members are now well aware as to what will go down to this Mt. Gox repayment program if it has an effect on the market to put it below the last lowest low of $17,500.
We don't know how many of these people will choose which option, but everyone assumes the worst, which is a 2 billion USD dump.
This will not happen for numerous reasons like
Some people choosing crypto, even if they're planning to sell later. I'd choose this option because I wouldn't want to rely on the exchange rate of their choice. I'd rather do it myself knowing exactly how much I'll get after the sale. With the volatility we're experiencing right now, waiting a week can mean you'll get 2k USD more for your bitcoin or 2k less, which for me would be a big deal. Usually I don't make 2k in a month.
If the distribution begins next month it will continue at least until the end of the year. This illiquid market can't handle a 2 billion dump in a day, but it can do it if the sale takes place over a period of 3 months.
