Oddbean new post about login | logout 🚨 A Jurassic whale that mined Bitcoin in the first two months of the network's existence just sent 5 BTC to Kraken. This OG still holds over 1,200 BTC in their address. The last time these coins were moved was nearly 10 years ago, when they were worth less than $500. Today, they are valued at over $77 million. https://mempool.space/address/3BS5DuKaFskSMN7nC7SiXynMko8mBELMs5 https://image.nostr.build/7a16b24efc280cd9c579be124ef94a3450cc3742f13b0fade2b1db124451d516.jpg
How could you sit on it that long without spending anything? Maybe they have other addresses I guess
The people who got into Bitcoin early have a unique mindset. They are the true OGs, and many will only use their bitcoins when BTC becomes the global standard. It's rare to see these pioneers sell their coins, as Bitcoin, to them, is like a noble title. They will be the new elite, using Bitcoin as the ultimate settlement system.
Fun fact, there were no whales during the jurassic period.
Correct
