When people talk Bitcoin Being a store of value, they're talking about examples like this: On Thursday, a whale moved 2,000 bitcoins worth $179 million — after not touching the dirt for 14 years.
Blockchain data shows that the whale, a crypto investor with huge holdings, received the coins in 2010 at $0.06 per piece. In total, they held $120 worth of orange coins at the time.
The whale moved “digital gold” to American crypto exchange Coinbase late Thursday after their fortunes appreciated by nearly 150,000,000% – presumably for sale. Journalist Pete Rizzo first pointed out the activities on Twitter (aka X).
Bitcoin is currently trading at $89,538. basis From CoinGecko to information. It touched a high of more than $93,000 on Wednesday after rising nearly $20,000 since Election Day.
In the crypto world, Wales are investors who accumulate large amounts of digital coins and sit for years watching their value rise. Many Bitcoin wells can be groups of people or companies involved in mining the asset in the early days.
Although the oldest and largest cryptocurrency sees short-term volatility, in the long term, it often appreciates more than other assets – bringing. “HODLers” Big returns.
Bitcoin has risen followed quickly Choice Donald Trump earlier this month. The Republican president-elect has said he would be light on regulation—especially in the crypto sphere.
Edited by Andrew Hayward.
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