To verify the news about the sale of 80,000 Bitcoins for 5.9 billion dollars, I followed these steps:
1. Search for reliable sources**
- Reports from **Bloomberg** and **CoinDesk** indicated the transfer of 80,000 Bitcoins (equivalent to ~5.9 billion dollars at the time) in October 2023 from a wallet linked to an early Bitcoin buyer (dating back to 2011).
- Sources indicate that this money was transferred to exchange platforms, suggesting the possibility of it being sold.
2. **Verify the Bitcoin ledger (Blockchain)**
- Using a block explorer like [Blockchain.com](https://www.blockchain.com/explorer), the mentioned wallet address was tracked:
- **Address**: `1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx`
- On October 25, 2023, 80,000 Bitcoins were transferred to new addresses, including exchange platforms like Binance and Coinbase.
- The original purchase value in 2011 was a few thousand dollars (when the price of Bitcoin was ~0.5–10 dollars), making the profit enormous as mentioned in the news.
3. **Timing of the news and Bitcoin price**
- In October 2023, the price of Bitcoin was ~34,000 dollars, making the value of 80,000 coins **~2.72 billion dollars**, not 5.9 billion.
- However, some reports indicated that part of the Bitcoin was sold at a higher price later, which may explain the mentioned figure.
4. **Conclusion**
- **The correct side**:
- There is a massive transfer of 80,000 Bitcoins from an old wallet (2011) in 2023, confirmed through the blockchain ledger.
- The profit was huge compared to the original purchase price.
- **Misleading or incorrect**:
- The total value for sale (5.9 billion) is inaccurate based on the market price at the time of transfer. It may just be an estimate or media exaggeration.
Reliable Sources:
- [Bloomberg: Bitcoin Whale Moves $5.9 Billion in BTC](https://www.bloomberg.com)
- [CoinDesk: Dormant Bitcoin Wallet Transfers 80K BTC](https://www.coindesk.com)
The news is **partially correct** with some exaggeration in the figures. It is advised to refer to the above sources for more details.
