A Bitcoin account that invested $54,000 has cashed out at $9.5 billion after HODLing for 14 years, yielding a profit over 17 million percent. Recently, Bitcoin whales have been actively transferring significant amounts of cryptocurrency, with large transactions occurring after 14 years of dormancy. The surge in activity may be linked to the Trump administration's favorable policy changes for the cryptocurrency industry, including the signing of a federal cryptocurrency bill. Bitcoin peaked at $122,838, raising speculation about its future.
This Bitcoin account cashed out $9.5 billion after holding it for 14 years, marking a profit of over 17 million percent on a $54,000 investment.
Bitcoin whales have been transferring large sums, with another whale moving nearly $8 billion worth of cryptocurrency after a similar dormant period.
The recent surge in Bitcoin activity correlates with significant policy changes under the Trump administration, aiming to engage the cryptocurrency industry.
Bitcoin reached an all-time high of $122,838 on July 14, raising questions about its future performance following this spike.
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