Cryptocurrency Whale Turned$ 120 Into$ 179 Million—All It Took Was HODLing for 14 Times

When people speak of Bitcoin being a store of value property, they’re talking about cases like this one: A shark on Thursday moved 2, 000 Bitcoin—worth$ 179 million —after never touching the stockpile for 14 times. &nbsp,

Blockchain data indicates that the whale—a crypto trader with big holdings—received the cash in 2010 when they were worthwhile$ 0.06 a bit. In total, they held$ 120 worth of orange coins back then. &nbsp,

After watching their holdings increase by almost 150, 000, 000 %, the whale moved the “digital platinum” to American crypto change Bitcoin, presumably to buy. The motions were first identified by columnist Pete Rizzo, who is known as X.

Bitcoin is now priced at$ 89, 538, according to statistics from CoinGecko. It touched an all-time high of over$ 93, 000 on Wednesday after surging by about$ 20, 000 since Election Day.

Whales are investors in the blockchain world who accumulate huge amounts of electronic money and spend years accumulating them while watching their worth skyrocket. Many Bitcoin whales are thought to be individuals or businesses who worked on the asset’s earlier days.

Although the oldest and biggest crypto sees short-term uncertainty, over the long-term, it generally appreciates more than most other assets—bringing” HODLers” great results.

Following Donald Trump’s victory earlier this month, Bitcoin has swiftly increased. The Republican president-elect has said he will be gentle on regulation—especially with the blockchain circle. &nbsp,