when people talk Bitcoin As a store of value assets, they are talking about examples such as: On Thursday, a whale moved 2,000 bitcoins worth $179 million without touching its storage unit for 14 years.
Whale, a cryptocurrency investor with significant holdings, received the coins in 2010 when they were worth $0.06 each, according to blockchain data. At the time, they had a total of $120 worth of orange coins.
The whale moved its “digital gold” to US cryptocurrency exchange Coinbase late Thursday after seeing its holdings increase by almost 150 million%. Journalist Pete Rizzo first flagged the move on Twitter (aka X).
The current price of Bitcoin is $89,538. according to On data from CoinGecko. After surging about $20,000 since Election Day, it hit an all-time high of over $93,000 on Wednesday.
In the cryptocurrency world, whales are investors who accumulate large amounts of digital coins and watch their value soar over the years. Many Bitcoin whales are likely groups of individuals or companies that initially engaged in mining the asset.
The oldest and largest cryptocurrencies see short-term volatility, but over the long term they generally appreciate higher than most other assets. “Hodler” Huge profits.
Bitcoin rose follow quickly election These are the words of Donald Trump earlier this month: The Republican president-elect said he would ease regulations, especially for the cryptocurrency sector.
Editor: Andrew Hayward
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