Casascius Bar Owner Describes Hodling 100 BTC For 13 Years
Summary
A crypto user known as "John Galt" moved 100 Bitcoin (BTC) from a physical Casascius bar to a hardware wallet after holding it for 13 years. Galt purchased the bar in 2012 for under $100, believing it would become historically significant. As of May 13, Bitcoin's price was approximately $104,000, valuing the bar at over $10 million. Galt found it challenging to find legitimate buyers for the bar and felt redeeming it was akin to destroying a piece of history. Although the funds are now more accessible, he has no immediate plans to cash out, prioritizing safety over sudden wealth. There are limited unredeemed Casascius bars and coins still in circulation, with over 17,000 active items, including high-value bars worth millions.
