Dormant Bitcoin Wallet Awakens After 14 Years with Staggering $8.09 Million Gain
A long-dormant Bitcoin wallet has been reactivated after holding funds for over 14 years. According to Galaxy Research, the wallet received 100 BTC on November 2nd, 2011, and remained inactive until transferring the coins in block 967732.
The sender is attributed to Noah Doe #3113 from address 1Mj5R3kbScUeccyiNKJnAMk6vhHppzsEq8. The research firm highlights the enormous appreciation realized by the holder, with a +$8.09M gain and a +2,486,052% return.
This significant move underscores the dramatic appreciation Bitcoin has seen since its early days. Meanwhile, legendary trader Peter Brandt suggests that BTC may be on the cusp of a big move, stating 'A bear trap immediately followed by a springboard. This is not something to be taken casually.'