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BTC wallet from 2009 gets activated amid price dump

Satoshi Nakamoto first introduced Bitcoin (BTC) more than 13 years ago. Despite the fact that BTC’s whitepaper was published in October 2008, Surprisingly, an old BTC wallet from 2009 has recently been active as crypto acceptance grows. Meanwhile, no one knows who Satoshi Nakamoto is, and Bitcoin continues to lead the way for other cryptocurrencies.

According to the Whale Alert, a blockchain tracker, a sleeping address containing 50 bitcoins became active after nearly 12.4 years. The wallet in question is from the Satoshi era, when Bitcoin was just starting to decentralise the global economy. 
The block was mined on November 23, 2009, according to Blockchain.com. It had only been ten months since the first Bitcoin had been launched. BTC, on the other hand, first broke the $1 barrier in February 2011, but today, one Bitcoin is worth over $43,000.Whoever had this wallet is now worth a million dollars. The old wallet had 50 BTC tokens valued at $2.18 million.
There are numerous accounts of early Bitcoin adopters sending tokens to other people to pay their rent or pizza bills. Laszlo Hanyecz’s famous account of spending 10,000 BTCs on two pizzas for himself dates back to 2010. His bitcoins were only worth $40 at the time, but they might now be worth up to $438 million. This antique wallet, on the other hand, predates the occurrence.

Read more: Leap, Terra’s blockchain wallet, raises USD 3.2M in Token Sale

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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