An investor who held onto their bitcoins for over 12 years has initiated significant transfers, showcasing the benefits of long-term investment.
Long-Dormant Bitcoin Wallet Moves Funds
According to Whale Alert, an unknown bitcoin wallet holding 479 bitcoins moved its funds for the first time since 2012. These actions have garnered attention towards long-term investments in cryptocurrency.
High Returns and Investment History
The investor purchased the bitcoins for around $5,748, marking a 933.850% profit on their initial $4,400 investment. The transfers amounted to approximately $9 million.
Activity of Old Bitcoin Whales
In recent months, notable bitcoin whales have been actively moving their assets amidst rising bitcoin prices, highlighting interest in long-term holdings and market position changes.
The recent transfers demonstrate the significance of long-term bitcoin holding for achieving substantial profits in a volatile market.
