140,000 TIMES HIS INITIAL INVESTMENT: A BITCOIN USER BECOMES A BILLIONAIRE BY RECOVERING 20,000 UNITS PURCHASED IN 2011
These bitcoins were acquired in April 2011 for a total of $15,600, with bitcoin valued at $0.78 at the time. Today, the user's wallet is worth more than $2.2 billion.
Two transactions are shaking the crypto ecosystem. A bitcoin holder has just reactivated their crypto account that had been dormant for 14 years. According to Lookonchain, a company specializing in blockchain transactions, the user made two transfers of 10,000 bitcoins to two new wallets this Friday, July 4. These bitcoins were acquired in April 2011 for an investment of $15,600, with one bitcoin worth $0.78 at the time.
With a bitcoin now worth more than $108,000, his investment amounts to over $2.18 billion. The user thus won 140,000 times his stake.
"The exact reason for the transfer, the identity of the owners, and whether the two addresses are controlled by the same person remain unknown," emphasizes the specialized media The Block.
Today this user becomes a "whale" in bitcoin, a specific term in financial language referring to investors who have a significant weight in a market (holding more than 1,000 bitcoins).
A market that remains volatile
For reference, on October 31, 2008, a certain Satoshi Nakamoto - a person or group of people still unidentified to this day - published the "white paper" of Bitcoin. This white paper, titled "Bitcoin: A Peer-to-Peer Electronic Cash System," laid the groundwork for the Bitcoin protocol. The first bitcoin transaction took place in 2009, with bitcoin worth only a few cents at that time.
Today, bitcoin is trading at over $108,000, with the queen of cryptos surpassing $100,000 for the first time in its history in December 2024, boosted by Donald Trump's election. For reference, the cryptocurrency market remains a volatile market, as seen during the upheavals of 2022 and 2023, so investors should only invest what they are willing to lose.
