The distributions are expected to go out on May 30, which could put a lot of buying pressure on the market. As the crypto analyst explains, the timing of this distribution could not be better. The reason for this is that the Bitcoin price is still hovering close to all-time highs, and the Ethereum price is still on the rise.
With the $5 billion being distributed, the crypto analyst does not expect that investors would leave the funds just sitting idly in their wallets. Additionally, they are not just going to withdraw their funds and leave. This is because these are investors who are already used to the market. So it is likely that they would end up reinvesting in the market.
