How’s Your Week Going?
A mysterious trader has achieved an incredible profit, having purchased $54,000 worth of bitcoin back in 2011 and selling it this week for an astonishing $9.6 billion.
As highlighted by social media user @kkashit_yt, this investor, often referred to as a “whale,” made their vast fortune by acquiring 80,000 bitcoin back in the earlier days of the cryptocurrency market. Recent evaluations have shown that bitcoin’s rise over the years transformed what was once a gamble into a hugely successful investment. 2011 saw bitcoin priced around 29 cents, soaring to $19.02 at its peak and closing the year at $4.21.
In today’s terms, that initial investment would be the equivalent of about $77,435, making the success of this mysterious trader even more remarkable.
Related Articles:
- Bitcoin mining now just totes unprofitable, costing over $137,000 to mine just one BTC in the US and near $200,000 per coin in Germany
- This $24 Lucky Miner USB stick is a 210.7 trillion-to-one lottery ticket where the prize is a single BTC
- Nvidia becomes the first company ever to hit a $4 trillion market cap (yes that’s ’trillion’ with a ‘T’)
