Bitcoin whale containing 357 BTC wakes up after 11 years, sparking interest

From Investing.com

Date: December 29, 2024
Time: 1:30:20 pm:

A dormant Bitcoin address containing 357 BTC, valued at nearly $34,070,177, has been activated after 11 years, attracting attention due to its long inactivity possibly linked to early adopters. Bitcoin price hovers at $94,673, showing a monthly loss in December, but expectations remain high for the final days.

Bitcoin predictions for 2025 by Galaxy Research suggest Bitcoin could surpass $150,000 in H1 and reach or exceed $185,000 in Q4. Institutional, corporate, and government adoption may drive Bitcoin to unprecedented heights, with expectations of reaching 20% of gold’s market capitalization. Bitcoin is predicted to be among the best-performing global assets in terms of risk-adjusted returns in 2025.

Read more at Investing.com: Dormant Massive Bitcoin Whale Awakens After 11 Years: Details By U.Today