CandleFocus Satoshi-Era Bitcoin Wallet Reactivated With $10 Million in BTC Profits
2024-10-24
Author: Content Editor
Whale Alert, a blockchain tracking platform, has revealed details about an ancient wallet that was last used 14 years ago when Bitcoin creator Satoshi Nakamoto was still active. The wallet, containing 150 Bitcoins, had been dormant for 13.3 years. Its value has increased from $2,540 in 2011 to $10,033,846 today, marking a 394,933% profit increase. In related news, crypto analyst Ki Young Ju expects Bitcoin to fulfill its role as peer-to-peer electronic cash by 2030, emphasizing the need for BTC to be used in everyday transactions. He cites factors such as increasing mining difficulty, institutional involvement, stablecoin adoption, and reduced volatility as reasons for this transformation.
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