😱🦈🦈14-year-old Bitcoin wallet moved for the first time: it was $0.05!😱🦈🦈
Recently, while there have been many examples of Bitcoins being moved years later, a new piece has been added to them. 50 #BTC obtained from mining in 2010 was transferred for the first time in 14 years and sent to the Binance exchange.
A former Bitcoin miner was sent to the #Binance exchange to sell his BTC after 14 years. These 50 BTC, obtained from mining on July 14, 2010 and worth $ 3 million, have not moved in any way since that day.
Why do they transfer after years?
There are various reasons why former miners make such transfers. For one thing, old wallets can often create security problems… Bitcoin investors may choose to move their coins more securely as new technology budgets emerge.
The price of Bitcoin has shown a certain appearance for many years and has increased significantly in recent years, which is also seen as one of the reasons for sales. Although the Bitcoin price, which reached this level in 2021, rose above 60 thousand dollars twice, it could not hold on there for long. This time, the price remaining in this competition for a longer period of time, combined with the declines in recent weeks, may have led investors to quit.
Investors can also distribute profits in order to reduce risk due to profits and geopolitical intensities in world economies. On the other hand, some personal financial needs and situations may also cause miners to sell.
Increasing tax regulations..
One of the most important reasons for sales may be tax regulations. The fact that Bitcoin is now becoming more popular in the USA as ETFs and that many countries impose new taxes on cryptocurrencies may cause some sales before these laws are fully established (or while they are established).
At the time this miner obtained his Bitcoins, the price of the largest cryptocurrency was approximately $0.05.
