Ancient Bitcoin wallets wake up, find the future is weird and expensive
Original headline: Dormant Bitcoin Wallets Wake Up After 16 Years, Moving $6.9 Million — decrypt.co
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Two Bitcoin addresses, untouched since 2010, finally stirred from their slumber on Friday, moving a combined 100 BTC worth nearly $6.9 million. The coins, originally mined when Bitcoin was worth about six cents each, represent mining rewards from blocks processed over 16 years ago, turning an initial haul worth roughly $6 into a multi-million-dollar fortune through sheer patience and the cryptocurrency's wild price appreciation.
While the identity and motives of the wallet owner remain a mystery, the coordinated transaction suggests a single entity controlling both stashes, potentially cashing out or simply moving to a more secure wallet. This event highlights the jaw-dropping returns of early crypto adoption, where forgetting about an investment for a decade and a half can yield a life-changing windfall, proving that sometimes the best financial strategy is to simply lose your keys and hope for the best.
Read the original at decrypt.co
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