- He topped up his wallet when the cue ball was worth $0.07
- During this time, his portfolio has grown significantly in value.
- So, for example, in the event of its liquidation in the fall of 2021, the net profit would be more than $3 million
- It is possible that the holder still sold his savings
- In this case, he received a slightly smaller, but still impressive amount of $1.28 million.
Yesterday, June 15, a “whale” came out of a 13-year “hibernation”, on whose account an amount of 50 BTC was held. He transferred all the savings to another wallet. It is possible that the cryptocurrency was sold as part of an off-exchange transaction.
This is indicated by the data of the portal btc.com. Judging by the available information, the “whale” replenished the account in June 2010. At that time, the BTC rate was $0.07.
Buying 50 bitcoins cost the user $3.5. If we calculate the market value of the portfolio at its peak, when the rate exceeded $64.15 thousand, then it will be $3.2 million.
Provided that the transaction of June 15 was a sale, the investor earned $1.28 million. That is, his investment grew by more than 365 thousand times.
In the past few months, the “whales” are increasingly coming out of “hibernation”. This applies not only to the BTC market, but also to ETH. Here, for example, we covered the story of how a user invested hardly a couple of thousand dollars in 2015 and became a millionaire.
Before that, we already wrote about another major BTC holder. He first came out of “hibernation” after 12 years.
Note that “whales” in the bitcoin community are those users who control a significant amount of cryptocurrency. The threshold number of BTC for determining such an investor is different, but often it is more than 1000. However, sometimes wallets with 10 BTC are also considered “whales”.