1. INTRODUCTION
The 2014 Mt. Gox hack happened on February 2014.
Before the hack, the price of BTC was around $825.
Currently, the BTC price is ~$30,000. Let’s do the ROI math!
2. WHAT’S THE ROI MT. GOX USERS WILL GET FROM THEIR OLD BITCOIN?
If we divide 30,000 by 825, we get ~37.
That will be the ROI for old Mt. Gox users on their lost BTC almost a decade ago: an amazing 37x.
Will they sell those ~142,000 BTC (over $4 billion US dollars)? I’d personally do it without hesitation as soon as possible.
3. REFERENCES
- Wikipedia.org (2023). Mt. Gox. Available [HERE].
- Comparemarketcap.com (2023). Time capsule > BTC price and ROI from 31 Jan 2014 (prior the Mt. Gox hack). Available [HERE].
