"Have a high level of patience, if you want to make a lot of money like that, you have to wait up to 14 years."
After 14 years of silence, the cryptocurrency Bitcoin (BTC) miner's wallet that earned 50 BTC when its price traded at $0.01 on April 2, 2010 is suddenly active again after its holdings are now worth $3.28 million, a gain of 655,999,900%.
Through observation, the wallet holder who deposited BTC to Coinbase earlier today may want to take profit since the price is close to its highest level ever.
Not only that, his actions may also be due to the expected further correction of the crypto market plus there is an Iranian attack on Israel that can cause the stock market to be affected including digital assets.
There is no denying that BTC may enter a bullish phase in the near future, but it should be noted that the movement of the asset into an exchange that is considered bearish can increase the opportunity to sell.
However, many analysts believe that the BTC halving event scheduled to take place this month will push the price of the digital asset higher as the event will reduce the supply of BTC.
BTC is expected to reach an all-time high this week, CoinCodex commented, adding that its price could reach $74,148 on April 19, 2024 which is a growth of 11.89%.
While Changelly thinks BTC will pass $74,298 on April 20, 2024 then $85,139 by May 11, 2024.
