Fortune Favours the Hodler! $121 Billion Worth of BTC Stays Dormant for Over a Decade
Bitcoin's long-term holders, who literally invested close to nothing about 15 years ago, have a shocking secret—1.75 million Bitcoin wallets have been inactive for over 10 years, holding nearly 1.8 million BTC. At today's prices, that's a whopping $121 billion just sitting there, untouched.
Most of these wallets likely bought Bitcoin when it was dirt cheap, back when you could snag a coin for double-digit prices. Now, those coins are worth millions, but their owners haven't made a move in ages. So, what's happening with all this dormant Bitcoin?
Recently, some of these ancient wallets have been waking up, hinting at big shifts in the Bitcoin landscape. Just this year, a wallet that hadn't seen action for 11 years suddenly transferred $30 million in Bitcoin. Another trio of wallets, silent for six years, moved a mind-boggling $230 million in November 2023.
What's interesting is where these coins are heading. Many of these recently activated wallets have transferred their Bitcoin to new addresses or even to cryptocurrency exchanges, which suggests that some owners might be ready to cash out after years of holding on.
The three wallets that moved $230 million in BTC in November seem to be linked to the same person or group—they all made their last transactions on the same day, back in 2017. Is this a coordinated plan, or just a coincidence? Either way, it's clear that Bitcoin's early adopters are stirring.
With so much Bitcoin on the move, the crypto world is buzzing with speculation. Will these newly active wallets trigger a sell-off, or are they just reshuffling their holdings? As Bitcoin's history continues to unfold, all eyes are on these mysterious wallet owners.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
