"I must have never thought that he had made a lot of money, before this he probably bought what he liked."
Without realizing it, a Bitcoin (BTC) wallet that had been inactive for 14 years since 2011 had shocked the entire cryptocurrency market after suddenly moving $30 million in BTC.
According to Ash Crypto, a well-known digital asset expert said that individuals who have special wallets have shown extraordinary resilience through holding BTC over the years despite major price swings.
Additionally, the individual who bought BTC when the price was just $2 had sold it when the digital asset was trading at $61,000, so here we can see he is showing a level of patience and strategic thinking.
In addition to the eternal potential of crypto, this amazing event managed to create a huge wave in crypto and was also sparked by the individual showing continued interest and not just the large amount of money.
It has been reported that experts at CoinCodex expect the price of BTC to reach $80,000 by mid-June 2024 if the crypto market after this sees a gradual recovery.
From the story explained above, it can be seen that the world of investing in crypto is not only unpredictable, it is also very interesting because someone can make a lot of profit even without doing anything in the long term.
As of this writing, the price of BTC had jumped 0.68% to $61,890 in the last 24 hours with a market cap of over $1 trillion but still registered a decline of 0.61% over the past week.
