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GSR Lianchuang: Bitcoin still has enough time to reach new highs before the end of the year

BlockBeats news, on July 6, despite a widespread sell-off in the crypto market after Mt.Gox took action to repay creditors, resulting in a single-day liquidation of more than $665 million, some market makers and investors remain optimistic about Bitcoin's medium-term prospects.

GSR co-CEO and co-founder Rich Rosenblum said that the amount to be paid by (Mt.Gox) is expected to become a "burden in the third quarter" for the market, "which is almost the same as the number of bitcoins mined in the first year after the halving. However, once it is digested, (the price of Bitcoin) still has enough time to hit a new record high before the end of the year."

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