This ancient Bitcoin whale returns with massive Profit
In a notable update shared by Whale Alert through its X platform, known for tracking significant activities in the cryptocurrency realm, a Bitcoin wallet that had been inactive for nearly 11 years was suddenly reactivated today.
The revival of this wallet, after lying dormant for exactly 10.8 years, caught the attention of many as it holds 43 BTC. Considering the fluctuating value of Bitcoin back in 2014, ranging from $300 to $1,000, taking a median price of $500 suggests these 43 Bitcoins were once valued at around $21,500.
Fast forward to today, the valuation of these coins has skyrocketed to approximately $2,545,638, marking an astronomical growth of 11,738%.
The reawakening of this wallet has generated a variety of reactions among the crypto community, with some speculating that the wallet's owner might have succeeded in retrieving the seed phrase, thereby gaining access to this considerable amount of digital wealth.
Renowned "Rich Dad Poor Dad" author, Robert Kiyosaki, recently reached out to his followers on X, sharing insights on Bitcoin's relevance today. He highlighted the predicament facing retired individuals from the "boomer" generation, who are re-entering the workforce to make ends meet.
According to Kiyosaki, inflation has severely impacted the retirement savings under the 401K program, compelling many to abandon retirement. He relayed how the Federal Reserve's printing of more money benefits the wealthy, exacerbating the financial disparity as inflation soars, affecting essential sectors like food, fuel, and entertainment.
Over the weekend, Kiyosaki shared his views on the ongoing debate between the merits of investing in gold versus Bitcoin. With a history of advocating for both, he remains unbiased, underscoring his preference for diversifying investments between these assets.
