The post Here’s How a Bitcoin Whale Turned $120 to $182M in 14 Years appeared first on Coinpedia Fintech News
Most Bitcoin investors believe that BTC is the ultimate store-of-value asset in the cryptocurrency landscape. Nonetheless, there are a few BTC investors who are still skeptical about the idea of applying the strategy of long-term holding as a method to gain massive returns.
However, a recent report of a Bitcoin whale achieving an enviable rise of nearly 151,989,283% in the value of his BTC investment by holding his coins for nearly 14 years may encourage many to rethink their view on the BTC long-term strategy. Curious to know more! Keep reading for more surprises.
Bitcoin Whale Moves 2000 BTC After 14 Years
It was a post on X by The Bitcoin Historian that revealed the unusual movement recorded on 14 November at 19:45. Reports indicate that at least 2000 Bitcoins were transferred to Coinbase. It is assumed that the holder is preparing to sell his holdings through the exchange.
Bitcoin Whale’s Massive Gain of 151,989,283%
Notably, at the time when he received the coins in 2010, the value of a Bitcoin was just $0.06, indicating that the total value of his BTC holdings was 2000 times 0.06, around $120.
Right now, the Bitcoin price stands at $91,193.63. This shows that the total value of his BTC holdings right now is 2000 times 91,193.63, at least $182,387,260.
Notably, during the period, the price has climbed from $0.06 to $91,193.63, marking an astounding growth of 151,989,283%.
Considering Gold, a prominent traditional asset, has grown only 111.61%, from $1,210.9 per ounce to $2,562.5 per ounce, during the same period, the growth achieved by Bitcoin is nothing less than exceptional.
Bitcoin Hits Record Prices Amid Election Surge
In the last seven days, Bitcoin has seen a notable surge of 19.1%. The election of pro-Bitcoin candidate Donald Trump to the US presidency has positively influenced the entire crypto market, especially the top cryptos including BTC, ETH, SOL, BNB, XRP and even Meme Coins such as Dogecoin.
The BTC price was at $67,782.21 on November 5. Since then, it has grown approximately 34.53%. In the last 24 hours alone, the BTC market has climbed by over 3.7%.
In conclusion, the whale’s historic move underscores Bitcoin’s unmatched potential for wealth creation.