| by Editorial
Bitcoin is also getting a year older. And that means more remarkable stats from old wallets. In 2023 we have seen a remarkable movement in the market. A significant number of Bitcoins – over 3,000 BTC – that were dormant for years have been released back into circulation.
Last Thursday, 2011 bitcoin made a striking comeback. A address with 39 bitcoin was used to transfer the old fortune to a new address.
It is unclear who is behind this transaction. The bitcoin network is open, but fortunately there are no names with transactions. The owner of this bitcoin has been waiting for almost twelve years. Whether it is a recent discovery or whether the person has really held on stubbornly for years remains a guess.
The initial investment of just over $2,250 has grown to an impressive $3.5 million. Bitcoin’s current price is just below the $27,000 mark.
These coins were part of the so-called “Old Supply,” a term referring to bitcoin that last moved at least 7 years ago. Although some analysts use a shorter term of 5 years as their reference point.
According to a report from Glassnode, about 3,200 BTC, of which 1,100 were purchased before 2013, has been returned to circulation.
Old bitcoin wallets are regularly in the news. Many early bitcoiners have lost access to their wallets over the years, but that is certainly not the case for everyone. If bitcoin continues to rise, we will probably see more situations like this.
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2023-05-14 13:00:00
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