166K BTC will eventually be handed over to creditors. This is worth about $640 million today. I see this as an event but not the doomsday scenario some are fantasizing about for the following reasons: 1) Daily BTC volume is over $7B currently, there is a lot of daily volume to absorb any selling. 2) the market cap of Bitcoin can be viewed as value that can be constantly potentially sold, just like Mt. Gox payouts can be constantly potentially sold. The market cap of BTC is almost $70 billion right now. $640 million is about 1% of the market cap. Were not talking about a huge increase in the circulating MC. 3) the distribution is going to be amongst thousands of individuals. 4) many wont actually sell. I don't see this as a run for the door. These people who are getting their coins back know better than most what holding does to your wealth.
For these reasons I really don't see this as high impact (though I certainly see it as an event, I'm not in denial here). In fact Id like it to get done as soon as possible so we can get the positive headwind of it as behind us.
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