As a seasoned crypto investor with over a decade of experience under my belt, I must say that the recent awakening of the ancient Bitcoin miner from the address “14CZ9” has left me both envious and intrigued. Here’s a fellow traveler who, like many of us, believed in the potential of this revolutionary technology and held on to their investment through thick and thin.
A fresh jolt swept through the cryptocurrency industry when it was revealed by Whale Alert’s report that an old, dormant Bitcoin (BTC) miner had suddenly become active again, having been inactive for over a decade.
14CZ9 recently sent 19 Bitcoins, valued over a million dollars at today’s rates, to bc1qw6. This specific amount of Bitcoin remains stationary at the newly assigned address, having not been moved elsewhere.
11 years back, on November 28, 2013, the first transactions involving this early Bitcoin user were processed. During that period, the value of a single Bitcoin was approximately $1,000.
Despite the continuous decrease in Bitcoin’s price, an unidentified investor persistently added more BTC to their portfolio. By June 2014, this mystery investor had amassed approximately 19 BTC, which was equivalent to over $12,500 at that time.
In the years that followed, the value of the mined cryptocurrency surpassed $1 million, resulting in a total profit of approximately 8.692%. This translates to an average annual return of roughly 870% for our anonymous miner throughout their ownership period.
It can be inferred that this individual is a miner because some funds were partly moved to an unidentified investor’s wallet, and also because they received a portion of their Bitcoin from a CoinJoin address, which is a method that merges various transactions from distinct sources and senders into one single transaction.
In the realm of cryptocurrency, these revivals seldom receive cheers; instead, it’s generally believed by market participants that old Bitcoin wallets are being activated primarily to cash out profits from their coins, frequently amassing gains in the thousands of percentage points.
As a researcher, considering the perspective that an optimistic outlook (“the glass is half full”) often characterizes forward-thinking individuals, it seems plausible that this investor has proactively moved their Bitcoin to a cutting-edge “bc1” address, a move typically associated with enhanced security and modern investment practices.
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2024-09-10 19:11