Bitcoin recently hit a significant milestone, with the last opportunity to purchase it for under $10 occurring 12 years ago. This fact, shared by Bitcoin historian Pete Rizzo, has sparked nostalgia and amazement within the crypto community. Over the past 12 years, Bitcoin's value has skyrocketed, reaching all-time highs of nearly $74,000 in March 2022. Early adopters who took a chance on Bitcoin have seen their investments turn into life-changing fortunes. For example, a 100 BTC investment in 2012 would now be worth millions, and a 400 BTC stash valued at $2,000 in 2012 is now worth over $27 million. A dormant Bitcoin address containing 400 BTC recently awakened after 12 years, highlighting the meteoric surge in crypto holdings. BTC's current price is $67,124, and there are expectations of a potential golden cross forming as the 50-day simple moving average (SMA) converges with the 200-day SMA. This could lead to further price increases similar to the doubling in value that occurred after a previous golden cross in 2023.
- Content Editor ( u.today )
- 2024-10-27
12 Years Later: Early Bitcoin (BTC) Holders Strike Gold