Attendees pose for photos in front of a sign at The Bitcoin Conference in Las Vegas, Nevada in May. The bitcoin world was abuzz on Friday after news a pair of dormant accounts woke up after 14 years.
Photo: Ethan Miller/Getty ImageThe bitcoin community was buzzing on Friday after two massive bitcoin wallets were activated after 14 years of silence, to the tune of more than $2 billion in potential profit.
Lookonchain and Whale Alert, which each track major blockchain transactions, both flagged that 20,000 in bitcoin had been moved. Untouched up to now, the 10,000 bitcoin in each wallet had originally been deposited in 2011. As bitcoin
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was worth just 78 cents at the time and currently stands at $108,868, the value of those two wallets is now over $1.09 billion each.
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