in

Satoshi-Era BTC Wallet Containing 616 Bitcoin Worth 29,470,042 USD Finally Woke Up After 8.8 Years Of Inactivity

Satoshi-Era BTC Wallet Containing 616 Bitcoin Worth 29,470,042 USD Finally Woke Up After 8.8 Years Of Inactivity



View Reddit by anon43850View Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

9 Comments

  1. >Such an dormant wallet now activated could be seen as a bad sign, as the owners of these wallets most likely plan to sell their BTC now and then buy Bitcoin later at cheaper prices.

    The guy who mined in 2012 has now $30m, after hodling for 8 years.

    You think he’s selling after 8 years, and risking his position in order to buy lower…?

    Nah

  2. tldr; Another Bitcoin wallet last used when Bitcoin was newly born is activated this year. The 1BamMXZBPLMwBT3UdyAAKy3ctGDbXNKoXk wallet contains 616 Bitcoins with a value of about $29,470,042. In 2012, 616 BTC were equivalent to just $6,667, which is an increase of 4,499 times.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

What do you think?

Mid Post Ads

Explore what’s next for DeFi with Matrixport

Image

Crypto Markets Nosedive – Here’s How Far Bitcoin Can Fall Before Analyst Justin Bennett Flips Bullish on BTC