Germany has uncovered a substantial amount of unused bitcoins residing in wallets since 2019, raising interest in altcoins.
Germany's Untouched Bitcoin Wealth
According to crypto intelligence firm Arkham, over 45,000 Bitcoin (BTC) linked to the piracy site Movie2K remain idle in wallets. This stash, worth nearly $5 billion, rivals the amount seized by German police in early 2024. The coins have been inactive since 2019 and are spread across more than 100 wallets.
Authorities previously regarded the January 2024 seizure as the largest in the country, but Arkham's findings suggest the story is far from over.
Challenges with Bitcoin Sales
The issue extends beyond unused bitcoins to their sale. After seizing 49,858 BTC, prosecutors sold the assets across various exchanges in June and July 2024 at an average price of $57,900. The sale realized around $2.8 billion, but shortly after, as Bitcoin surpassed the $100,000 mark, the same stash would be valued at over $5 billion.
Prospects of New Altcoin Projects
This situation prompts traders to consider what the best altcoin to buy now might be, especially for those who missed out on Bitcoin. New projects like MAGACOIN FINANCE are gaining attention for their capped supply and transparent structure, offering an opportunity for early market entry.
Monitoring the missed Bitcoin in Germany highlights how quickly fortunes can shift in the crypto landscape. While Bitcoin remains dominant, interest in new altcoins is increasing.
