Bitcoin Whale Returns, Turns $30M Into $535M In 5 years
A previously dormant Bitcoin whale has returned after 5 years to reap their profits, turning a $30 million investment into $535M. The whale became active on June 11, moving 8,000 BTC to a Binance address. If the investor chooses to sell now, they realize over $500 million in profits at current prices. According to blockchain data from Lookchain, the Bitcoin address acquired 8,000 BTC on December 6, 2018, at a dollar-cost average of $3,810. According to the math, this would equal a roughly $30M investment into the asset. Since its recent surge to new all-time highs following ETF approval, many Bitcoin whales and investors are seeing huge profits on their reserves. Typically, sending assets to a crypto exchange shows an intention to sell or to realize a 5-year profit. This whale’s intentions aren’t understood quite yet, but their potential rewards certainly are. Source: WatcherGuru Also Read: BRICS Makes Major De-Dollarization Announcement At press tim...