The leading crypto transaction monitoring service, #WhaleAlert , recently reported that a mysterious bitcoin whale, inactive for 10.8 years, has suddenly reappeared. This large #bitcoin☀️ holder, who has been dormant for over a decade, transferred 100 BTC from the original address “17tdW8” to a new address “bc1qqy6.”
Huge Value of #BTC☀ Purchased 11 Years Ago
This transaction is notable not only for its size but also for its history – the bitcoins were purchased 11 years ago for just $91,940. Today, their value is a staggering $6.12 million, representing an impressive growth of 6,656%. It demonstrates the massive returns long-term investments in bitcoin can yield. When considering the entire period since early 2014, the annual return stands at 665.6%, which is an outstanding figure.
Why the Sudden Activity After So Long?
It remains unclear why this wallet, inactive for nearly 11 years, has suddenly been activated. Perhaps the owner remembered their seed phrase or decided to transfer the funds to a modern wallet compatible with SegWit, allowing better handling of smaller transactions and improved future-proof security.
Connection to the Revelation of Satoshi Nakamoto’s Identity?
Another intriguing factor is that this bitcoin movement occurred just days before the premiere of a new HBO documentary series focusing on the mystery surrounding the identity of #SatoshiNakamoto , the enigmatic creator of bitcoin. The show, set to air on October 8, promises to reveal Nakamoto's true identity. Whether this will actually happen remains to be seen, but the timing of these events is certainly remarkable.
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