Bitcoin address inactive for 11 years now active, showing massive gains

From Investing.com

November 12, 2024 1:00:41 pm:

A long-dormant Bitcoin address has been reactivated after 11 years, showing a massive 26,147% gain. The address contained 67 BTC worth $5,525,168, up from $21,050 in 2013. The owner remains unknown, sparking speculation about their intentions, with some suggesting it could be an early investor cashing in on gains.

Bitcoin’s price surge continues, reaching $89,000 for the first time. The cryptocurrency has grown by over 30% in a week, doubling in value in 2024. Predictions suggest Bitcoin could hit $100,000 by the year’s end and $150,000 by 2025.

Bitcoin options traders are targeting a $100,000 milestone, with $780 million in bets placed for Bitcoin to reach that price by Dec. 27. Deribit data shows the trade has an 18.6% chance of success, making it the highest-staked trade for that expiration date.

Read more at Investing.com: Ancient Bitcoin Whale Back to Life After 11 Years With Massive 26,147% Gains By U.Today