This past week, news came out of someone moving a some Bitcoin around. Bitcoin is hovering at $116,000 right now. They put some cash in a few years back, $210,000 in 2011. The amount moved is about 80,000 actual Bitcoins, or translated, somewhere around $9 Billion USD. Due to the anonymity of this, we don’t know who bought it, who sold it, or anything more. Yes, there are others out there with large wallets of this cryptocurrency, but this is something that a lot of people are watching. Note that if someone is cashing out that volume at this point, they may be getting out while gains are good.
An OG Bitcoin investor has moved his stash of 80,000 BTC in an unprecedented transaction worth over $8 billion.
Found at www.tomshardware.com
