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BITCOIN ADDRESS ACTIVE AGAIN AFTER MORE THAN 11 YEARS!

 


A bitcoin address from 2010 has now been reactivated. Because in October 2010, the Bitcoin address "17QBWJCGV4QbQhLbhcS7d9yB2S7DPLf4N9" was filled with a little more than 489 BTC. Bought back then for a bargain of a few hundred - thousand euros, the amount is now worth over 20 million USD. This allowed the Bitcoin whale to get rich by holding the cryptocurrencies.


Interestingly, the Bitcoin address was used regularly. Because since June last year it had only received cryptocurrencies until today. On March 10th, Bitcoin has now been moved. This could be a backup on a cold wallet. Because this recipient wallet has never sent Bitcoin either. The wallet from 2010 cannot be a cold wallet in the modern sense, because there was no problem with storage before.

If the Bitcoin owner had sent the BTC to a wallet linked to an exchange, the Bitcoin could be sold. However, since the BTC were sent to a wallet from which cryptocurrencies have never been sent, this reinforces the assumption that it is a cold wallet. A cold wallet is the safest way to store Bitcoin, because all options for an internet connection or other technical access to this wallet are denied.


Influence of whales decreases

The influence of such Bitcoin whales on the market is also significantly lower, as many critics expect. Because even if there is always the possibility that a large Bitcoin wallet sells its coins on an exchange, most of them no longer have access. The amount of 489 BTC is also a fairly high amount for normal citizens, but many companies that have bought Bitcoin today have invested significantly higher deposits.


Microstrategy alone has combined over 100,000 BTC in the last two years. Tesla also bought a very high amount of BTC. These factors reduce the influence of old Bitcoin addresses on the current price. Satoshi Nakamoto's address with more than one million BTC will probably never be moved either.


Now, 13 years after Bitcoin started, the first country in the world is experiencing a boost by integrating Bitcoin as a means of payment .

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