In a boost for Bitcoin holders and traders in general, it seems like whales are after all not fazed by volatility and heavy price movements for the last few years. CoinMetrics reported that a mega holder moved moved 65,000 BTC after five years.
Most importantly, this was moved within the chain and not to exchanges where there could be liquidated but to another Bitcoin address revealing that these coins are not only active but have not been lost joining the estimated 4 million BTC that can’t be accessed.
A large #Bitcoin whale just graduated to a 5yr HODLer. Last week 68k BTC moved out of the 5yr active supply band, indicating that the last time they moved on-chain was in April 2015. pic.twitter.com/Jorx5TnlVn
— CoinMetrics.io (@coinmetrics) April 27, 2020
It’s a mark of confidence and another main highlighter that the despite the nitty-gritties of being responsible of one private keys, it is possible to be one ‘s own bank, taking control of events.
Craig Wright Is Not The Major Whale
Bitcoin strives on the auspice of decentralization and total control of events. It is based on a perfectly secure and decentralized blockchain which isn’t controlled by anyone party.
Since its launch 12 years ago, the network has continued to flourish, evolving from a primitive network without a marketplace to a complex juggernaut shaped by regulation and a vibrant community.
Although the anonymous Satoshi left the ship in autopilot, it is estimated that he owns 1 million coins.
These coins, many speculate, are lost, and this advice the fear in the community when Craig Wright, the leader of the Bitcoin SV–a hard fork of the Bitcoin Cash network,