Almost every Bitcoiner is familiar with the Pizza man and the BTC Pizza day; the story of how a man sold thousands of btc just for a pizza. If it was a movie/drama, that movie will fall under Tragedy. A man simply didn't see the possibilities that lies ahead and hence sold generational wealth for a fleeting moment. But unlike the pizza man, a long-dormant Bitcoin whale just moved 400 BTC (~$44M) after 12 years of silence.
The wallet originally received miner rewards about 15 years ago, when BTC was worth next to nothing. Fast forward, and those coins appreciated 830x in value, from roughly $135 to $111,800 at the time of transfer.
Arkham data shows the funds were moved in neat 15 BTC batches until the wallet was completely emptied. The owner remains a mystery, and so do their intentions, whether cashing out, diversifying, or simply moving to a more secure wallet.
This isn’t the first time such will happen. We’ve seen several “Satoshi-era” wallets reawaken recently as Bitcoin hit new highs. Big names and whales are repositioning.
My deep thoughts:
Remembering the story of the pizza man and reading about this BTC Whale move today made me think, are there really btc seers, men who did see the future of btc and decided to be patient even when it all looked crazy? Or they simply were just mad enough to not bother for years?
Would you have held through if it were you for years through the highs and lows? I would like to hear the thought's of BTC OGs
The wallet originally received miner rewards about 15 years ago, when BTC was worth next to nothing. Fast forward, and those coins appreciated 830x in value, from roughly $135 to $111,800 at the time of transfer.
Arkham data shows the funds were moved in neat 15 BTC batches until the wallet was completely emptied. The owner remains a mystery, and so do their intentions, whether cashing out, diversifying, or simply moving to a more secure wallet.
This isn’t the first time such will happen. We’ve seen several “Satoshi-era” wallets reawaken recently as Bitcoin hit new highs. Big names and whales are repositioning.
My deep thoughts:
Remembering the story of the pizza man and reading about this BTC Whale move today made me think, are there really btc seers, men who did see the future of btc and decided to be patient even when it all looked crazy? Or they simply were just mad enough to not bother for years?
Would you have held through if it were you for years through the highs and lows? I would like to hear the thought's of BTC OGs
