[Blockchain Today Correspondent Han Ji-hye] It is reported that the Bitcoin address of the ‘Satoshi era’, where no movement has been detected so far, has been activated for the first time in 11 years.
According to a Cryptopotato report, popular cryptocurrency data analysis platform Whale Alert said on the 10th (local time) that “a Bitcoin address from the Satoshi era, which has not been active for the past 11 years, has been detected as active.” .
“There are 489 bitcoins in all at this address,” the Wealert said. “There has been no movement in 11 years since the last transaction in 2010, and when the last transaction took place in 2010, the bitcoin was worth $50.” However, the total amount of Bitcoin held by this address is currently worth more than $20 million.
According to the report, the cryptocurrency community has made various speculations as to why the address has been inactive for the past 11 years, such as ‘lost key’, ‘in prison’, or ‘hacked’. However, he evaluated, “If it is a long-term investment for 11 years with a diamond hand and a return of more than 42 million percent, it is a respectable thing.”
Bitcoin long-term investing has still turned out to be a great investment strategy for investors who haven’t been able to enter the market quickly, Cryptopotato reported. Regarding the reason, the media said, “On the 9th, after the announcement of the executive order by President Joe Biden, the price of Bitcoin soared from $39,000 to $42,000, but fell again to $39,000 on the 10th. “There is still a lot of volatility and it is difficult to predict its movements.”
According to a recent survey, 37% of American investor respondents said they would not monetize their cryptocurrency assets, even at the critical moment. Long-term investors, so-called ‘diamond hands’, explained why, saying, “I haven’t found a luxury that is tempting enough to sell cryptocurrency.” In addition, it was found that the average amount of cryptocurrency investment by these survey respondents was over $1,700.
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