$BTC
According to Whale Alert, a Bitcoin address inactive for over 10.8 years has suddenly come back to life, transferring 100 $BTC from the old address "17tdW8" to a new address, "bc1qqy6." This massive stash, initially acquired for just $91,940 over a decade ago, is now valued at a staggering $6.12 million.

This incredible 6,656% return highlights the immense gains long-term Bitcoin holders can achieve.

On an annual basis, this return averages out to an impressive 665.6% since 2014. Such numbers underline the remarkable success stories within the crypto space, where patience and a strategic outlook can lead to life-changing profits.

While the reasons behind this unexpected transfer remain unclear, speculation abounds.

Perhaps the owner remembered their forgotten keys or simply opted to switch to a newer, more efficient SegWit-compatible wallet.

The timing of this move is especially intriguing, coming just as HBO prepares to release a series on October 8, promising to unveil the true identity of Bitcoin’s creator, Satoshi Nakamoto.

Whether this whale's actions are connected to this upcoming revelation remains unknown, but the coincidence is certainly worth noting.

#Write2Earn! #satoshiGiftCards #BTCReboundsAfterFOMC #NeiroOnBinance #EIGENonBinance

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses#btcupdates2024 #satoshiGiftCards $BTC

In a new forecast, analysts anticipate that Bitcoin could reach a record high of $200,000 by 2025, largely driven by institutional adoption and significant market catalysts. The report suggests that by the close of 2024, Wall Street is poised to surpass Satoshi Nakamoto as the largest holder of Bitcoin, marking a shift in the ownership landscape of the leading cryptocurrency.
### Institutional Adoption: A Catalyst for Bitcoin’s Rise
Global research and asset management firm Bernstein highlights that Wall Street's increased involvement in Bitcoin is reshaping the market. As of now, ten global asset managers collectively hold approximately $60 billion in Bitcoin through regulated exchange-traded funds (ETFs), a sharp rise from $12 billion in September 2022. The report forecasts that by year-end 2024, Wall Street will likely replace Bitcoin’s pseudonymous creator as the largest Bitcoin wallet.
The report further predicts that this shift towards institutional dominance will propel Bitcoin to a high of $200,000 by the end of 2025. Bernstein’s analysts describe the current environment as the beginning of a “new cycle,” with institutional activity, especially U.S.-regulated Bitcoin ETFs, driving increased interest and inflows. The firm estimates that total assets managed by Bitcoin ETF issuers will reach $190 billion by 2025, representing approximately 7% of all Bitcoin in circulation.
### Key Drivers of Bitcoin’s Projected Price Surge
In addition to institutional adoption, several macroeconomic factors are anticipated to fuel Bitcoin’s ascent. These include potential U.S. interest rate cuts, China’s $284 billion economic stimulus package, and investor expectations around the upcoming U.S. election. Bitcoin has already gained nearly 60% this year, reflecting renewed optimism among investors.
Bernstein also emphasizes the impact of the halving event, a scheduled reduction in Bitcoin miners’ rewards that has historically led to price surges. According to the report, “Following a halving, the market typically experiences a year of ‘irrational market exuberance,’ often culminating in price peaks in the second year.” With the next halving event approaching, analysts see 2025 as a likely year for Bitcoin to reach new highs.
### Bitcoin ETFs: A “Watershed Moment”
The report describes the launch of U.S.-regulated Bitcoin ETFs as a pivotal development, having contributed to Bitcoin’s climb to $73,700 earlier this year. Managed by major firms like BlackRock, these ETFs have attracted considerable inflows since their inception, signaling rising confidence among traditional financial institutions in digital assets.
### Price Projections and Market Fundamentals
Bernstein’s projection of a $200,000 price is rooted in an analysis of Bitcoin’s marginal cost of production, defined as the cost incurred by the least efficient miner. Historically, Bitcoin’s price has exceeded its marginal cost by multiples—five times in 2017 and 2.3 times at the start of the 2021 cycle. For the coming cycle, analysts project Bitcoin’s price will reach about 1.5 times the current marginal cost, reflecting both increased efficiency in mining and broader market enthusiasm.
In sum, Bernstein’s bullish outlook is underpinned by Bitcoin’s evolving market structure, a favorable macroeconomic environment, and critical events such as the halving. These elements combined could set the stage for Bitcoin to achieve a new all-time high by 2025, signaling a transformative period for the cryptocurrency.
#satoshiprotocol #satoshiGiftCards #CryptoPreUSElection

⚡️ JUST IN: 🇨🇭 The City of Lugano, Switzerland, has unveiled a new statue dedicated to #SatoshiNakamoto, the creator of #Bitcoin.

#Switzerland $BTC