According to the Cryptocurrency -analysis platform Lookonchain has a bitcoin (BTC) wallet resting for 14 years awakened with a return of 140,000 times. The investor bought $ 10,000 BTC for $ 7805 when the asset acted at $ 0.78 on April 3, 2011. Today the holdings are worth $ 1.09 billion.
Why did the investor move his bitcoin?
It is unclear why the wallet has woken up after more than a decade of rest. It is possible that the wallet owner forgot his wallet keys and has finally recovered them. It is also possible that the wallet belongs to a larger company that revises its assets.
Can you still earn a billion dollars with crypto?
There have been some examples of investors earn more than a billion dollars in crypto with minimal investment. Bitcoin (BTC) wallet is an example of how an investment of $ 7800 was turned into more than $ 1 billion under 14 years.
There have been other examples of investors earning $ 1 billion in much less time. An investor bought $ 8,000 in Shiba Inu (SHIB) in 2020. The investment turned to more than $ 1 billion when the asset hit a maximum of $ 0.00008616 in October 2021.
Also read: China’s AddenTax -Textile increases Bitcoin purchase to $ 1.3 billion for 12k BTC
Although it is important to go into a project early, it is equally important, if not more to do proper research before you put in your hard -earned money. Most crypto projects have not transformed early investors into billionaires. Many projects have failed, and several people have lost a lot of money.