The recent transfer of 80,000 Bitcoin from wallets that have remained inactive for 14 years has sparked discussions among experts. Crypto analyst Ki Young Ju has proposed a theory regarding the origins of these funds.
Ki Young Ju's Theory on Bitcoin Transfer
Ki Young Ju, CEO of the analytics platform CryptoQuant, commented on the recent transfer of 80,000 Bitcoin that had been inactive since 2011. He stated that the funds came from wallets associated with the MyBitcoin service, which collapsed after a hack in the same year. Ju suggested that these BTC likely belong either to the hacker or to the anonymous founder, Tom Williams.
Galaxy Digital's Transaction of 80,000 Bitcoin
Galaxy Digital also confirmed that it completed one of the largest Bitcoin sales in history, selling over 80,000 BTC on behalf of clients. The transaction, currently valued at over $9 billion, was part of a legacy planning strategy for a Satoshi-era user who was one of Bitcoin's early investors.
Market Impact and Future Transactions
The information regarding such large Bitcoin transfers raises interest and concerns in the market. Ki Young Ju noted that Galaxy Digital may not have conducted any forensic analysis of the funds' origin. This leads to questions about future implications for the cryptocurrency market, especially for older assets that begin to move after long periods of inactivity.
The transfer of 80,000 Bitcoin after 14 years of dormancy, linked to MyBitcoin, raises important questions for both Bitcoin's history and its economic impact on the market. This event could influence future transaction strategies and the valuation of crypto assets.
