A Bitcoin Wallet Is Active After 9 Years, Have $26,147,621 Worth Of Bitcoins
A popular whale alert bot detected a very old Bitcoin wallet’s activity. This Wallet has a total of 791 Bitcoins.
On 13 July, whale bot alert on twitter shared a tweet of a Bitcoin wallet which was inactive for 9.1 years. But now today it is showing activity.
There are a total 791 Bitcoins in the wallet and according to the current price of Bitcoin its value is around $26,147,621. Which is really a very huge amount for a normal bitcoiner.
According to analysis reports, this wallet was set up just after the Satoshi went off the radar. So people are assuming that it is the wallet of Satoshi Nakamoto.
Many random users are commenting about it in the comment section of this tweet. Some of them are joking and some of them are predicting the use of Bitcoin according to current worth.
One random user said “ The owner of the wallet has simply remembered his password after 9.1 years of fruitless attempts to recover it, tried to create a joke”.
And another user said “, it may take 300 years to spend it“.
Well these comments were associated with one’s own thinking but many experts believe that it is an indication of a new crash, because if a wallet is in activity then surely there are huge chances that the holder will sell his Bitcoin. And it is that wallet which is detected by the Whale bot alerts but there are many wallets of Bitcoin which are still out of the radar of such kinds of Bots. So here we have to keep eye on the market, is such huge amounts of Bitcoin will enter in any exchange.
A recent report also claimed that, every day around 2000 Bitcoin is getting out from the Exchanges, which is a clear indication that people are investing their money and holding it for the long term.
Here all the things are just based on speculation that may be wrong but surely these activities will help to do analysis about cryptocurrency market trends.
Read also: Fidelity Investments Hiring Employees Because Of Increasing Crypto Interactions
