Bitcoin Holder makes $29M Profit after 11 Years
A Bitcoin holder sold 300 BTC for $29.8 million after holding the coins for over 11 years, having purchased them for approximately $60,000 in 2013, resulting in a profit exceeding $29 million. Bitcoin's performance over the past decade has surpassed traditional assets, with a 40,600% increase compared to gold's 189%, the S&P 500's 116%, and oil's 60%. The cryptocurrency's price recently fell to an over six-week low of $98,240 due to escalating Middle East tensions and US air strikes on Iran. Despite this dip, Bitcoin has stabilized, although further geopolitical shocks could impact prices. US spot Bitcoin ETFs have accumulated over $1 billion in net inflows recently, though inflows slowed to $6.4 million on Friday, with BlackRock being the primary buyer.
