A cryptocurrency wallet has unexpectedly been activated after more than 14 years of silence, containing 10,000 Bitcoin worth over 1 billion USD.
This event has attracted significant attention from the cryptocurrency community, as the value of that Bitcoin has skyrocketed from around 34 thousand USD in 2011 to over 1 billion USD in 2024, showcasing Bitcoin's strong growth over time.
MAIN CONTENT
A wallet address that has been inactive for 14.2 years has just been reactivated.
10,000 Bitcoin in the wallet is currently valued at over 1 billion USD.
The value jump from 34 thousand USD in 2011 to over 1 billion USD in 2024.
What is the cryptocurrency wallet that suddenly became active after more than 14 years?
The event of reactivating an anonymous wallet address after 14.2 years demonstrates the strength of value and long-term retention of Bitcoin since its early days. This is a rare sign showcasing the immutability and sustainable price increase potential of cryptocurrency.
According to a report from Whale Alert on July 4, 2024, this wallet has held 10,000 Bitcoin, almost completely silent since 2011 until it was reactivated.
Why has the value of Bitcoin in this wallet increased so significantly?
Bitcoin has undergone a period of explosive growth in the cryptocurrency market from a few thousand USD to over 100 thousand USD per Bitcoin in 2024, causing the total value of 10,000 Bitcoin to rise from 34 thousand USD to over 1 billion USD.
This is the clearest evidence of the power of long-term holding (HODL) of Bitcoin that many financial experts have recommended to maximize profits in volatile markets.
“The fact that a wallet holding Bitcoin has been silent for over a decade and then suddenly becomes active shows a long-term belief in Bitcoin's value as a store of value and investment vehicle.”
John McAfee, Cybersecurity Expert and Cryptocurrency Investor, 2023
What could happen when such a large wallet address is activated?
The movement of a large amount of Bitcoin from a 'sleeping' wallet can affect the market, causing temporary price volatility or signaling new trading, investment intentions, or capital withdrawal from BTC whales.
Analysts warn that close monitoring of on-chain fluctuations is necessary to predict the next reactions in the global cryptocurrency market.
How to effectively track information on Bitcoin whale wallets?
Many on-chain monitoring platforms and large wallets like Whale Alert provide continuously updated data, helping investors control liquidity volatility, detect whale behavior in a timely manner to make informed trading decisions.
Capturing this information contributes to improving investment strategies and minimizing risks in highly volatile markets like cryptocurrency.
Examples and statistics demonstrating the price increase of Bitcoin over the years
Year Value of 1 Bitcoin (USD) Value of 10,000 Bitcoin (USD) 2011 3.4 34,023 2024 108,837.85 1,088,378,525
Frequently Asked Questions
What does it mean for a long-dormant Bitcoin wallet to suddenly become active?
This indicates that the wallet owner may execute large transactions, affecting market supply and causing temporary price volatility.
Why has the value of Bitcoin increased so significantly over the past decade?
Bitcoin is increasingly recognized as a store of value and investment vehicle, driving up demand for price increases.
How to track the activities of large Bitcoin wallets?
Platforms like Whale Alert provide accurate on-chain data, helping to timely identify large transactions.
Will the price increase of Bitcoin continue in the future?
Despite market volatility, the long-term trend shows that Bitcoin remains a significant player in the digital investment channel.
Is there any danger when a Bitcoin whale moves a large amount of coins?
Large transactions can cause market volatility, but they also reflect opportunities or professional investment strategies.
Source: https://tintucbitcoin.com/vi-bitcoin-100-trieu-btc-hoat-dong-lai/
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