A crypto enthusiast, known as 'John Galt,' recently shared his experience of transferring 100 Bitcoin from a physical Casascius bar to a hardware wallet after holding it for 13 years. Galt purchased the bar in 2012 when Bitcoin was valued under $100, believing these coins would become historical artifacts. As of May 13, Bitcoin's price soared to approximately $104,000, making Galt's bar worth over $10 million. Although he contemplated selling it before 2025, finding legitimate buyers proved challenging. Galt expressed that redeeming the bar felt like destroying a piece of history, preferring to sell it intact. Despite the funds now being more accessible through the hardware wallet, he has no immediate plans to cash out. The Casascius bars and coins, which contain private keys hidden under tamper-evident holograms, remain limited in circulation, with over 17,000 still active, including rare high-value bars worth millions. Read more AI-generated news on: https://app.chaingpt.org/news

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