#DayTradingStrategy Crypto User Moves 100 Bitcoin from Casascius Bar to Wallet After 13 Years

AI Summary

According to Cointelegraph, a crypto enthusiast known as "John Galt" recently transferred 100 Bitcoin (BTC) from a physical Casascius bar to a hardware wallet, marking a significant move after holding the coins for approximately 13 years. Casascius bars and coins serve as tangible representations of Bitcoin, with private keys attached to the objects themselves. Galt acquired the bar in 2012 when Bitcoin's price was below $100, driven by the belief that these physical coins might become historical artifacts if Bitcoin gained prominence.

On May 13, Bitcoin's value reached approximately $104,000, elevating the worth of Galt's bar to over $10 million. Despite contemplating selling the bar before 2025, Galt faced challenges in finding legitimate buyers for such a high-value item. He expressed reluctance to redeem the bar, likening it to destroying a piece of history, akin to melting down an ancient gold necklace. Galt preferred to sell the bar intact, complete with its sticker, but as its value increased, finding a buyer became increasingly difficult.