Satoshi-Era Bitcoin Wallet Awakens After 10-Year Snooze For A Stunning 13,400% Gain
Portfolio Pulse from Mehab Qureshi
A dormant Bitcoin wallet holding 1,432.93 BTC worth $37.8 million has been reactivated after 10 years, transferring the entire amount to a new address. The wallet initially received the Bitcoin in 2013 when the price was $195.40 per coin. The current price of Bitcoin is $26,411, resulting in a 13,402.57% gain.
June 08, 2023 | 10:13 am
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A dormant Bitcoin wallet holding 1,432.93 BTC worth $37.8 million has been reactivated, potentially impacting the price of Bitcoin.
The reactivation of a dormant wallet holding a large sum of Bitcoin may cause speculation and uncertainty in the market, but it is unclear how this will directly impact the price of Bitcoin in the short term. The transfer of the coins to a new address may indicate that the owner is preparing to sell or use the coins, but there is no concrete information on their intentions.
CONFIDENCE 80
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RELEVANCE 100