đ A Bitcoin investor who bought 5,908 BTC for $98 million near the 2017 market peak finally moved the coins after 8.5 years
The purchase was made when BTC traded around $16.6K, just days before the market crashed more than 80%. Despite the brutal drawdown, the investor never sold.
By July 15, with Bitcoin trading near $64.6K, the stash had grown to $381.5 millionâa profit of over $283 million and nearly a 4x return. đ
Patience clearly paid off... although selling now might prove a little too early if this cycle still has another major leg up ahead. đ
The purchase was made when BTC traded around $16.6K, just days before the market crashed more than 80%. Despite the brutal drawdown, the investor never sold.
By July 15, with Bitcoin trading near $64.6K, the stash had grown to $381.5 millionâa profit of over $283 million and nearly a 4x return. đ
Patience clearly paid off... although selling now might prove a little too early if this cycle still has another major leg up ahead. đ