0
0
A dormant Bitcoin wallet holding 321 BTC was just activated after eight years. The funds have been transferred to the owner, who will now be able to use them at his discretion. It is not clear what he plans on doing with the bitcoin but it led many people to speculate that a massive influx of new money could lead some cryptocurrencies into hyperinflation.
A dormant Bitcoin wallet holding 321 BTC was activated after eight years. The owner of the wallet had forgotten the password to their account and had no idea that they were holding such a large amount of cryptocurrency. Read more in detail here: eth.
A Bitcoin wallet with millions of dollars in Bitcoin (BTC) has resurfaced after a long period of inactivity. Despite containing what is deemed life-changing money, the wallet has not transacted for years for one reason or another.
The wallet has not been used since 2013, only a few years after Satoshi Nakamoto, the enigmatic Bitcoin inventor, vanished. The wallet presently has $15 million in Bitcoin, and it’s unclear who controls it or why it was just recently revived.
There are 321 BTC in the wallet. The value of this cryptocurrency has risen from $6,594 to an astonishing $15,103,046 in only 8.8 years. The value of the cash in the wallet has increased by about 2,300 times.
The Bitcoin community is speculating about who owns the wallet and why it has just recently resurfaced. Some speculate that it may be a whale – a person or organization with a massive Bitcoin holding – who is set to make a market-shaking move.
If you’re seeking for a sign, look for it in the numbers 3…2…1… https://t.co/8ezk8Ub6Sz
December 21, 2021 — Mama Heqet 2.0 (@DaturaDaimonic)
In the comments section, a Twitter user provided many causes for the wallet activation. According to them, a variety of scenarios exist, ranging from Satoshi Nakamoto choosing to return to a patient investor who is ready to sell his BTC now to someone just remembering their Bitcoin wallet’s seed phrase.
Someone may have discovered out a way to hack an outdated wallet by creating not-so-random seed phrases or something similar. There are far too many people waking up at random.
December 21, 2021 — Sapsicle farms (@SapsicleF)
Several inactive Bitcoin wallets from 2011 to 2013 have been reopened in recent months, each carrying tens of millions of dollars in BTC. The owner of a dormant Bitcoin wallet emptied his account on September 19th and moved all 616 bitcoin to several accounts.
Related: Dead Coins and Wallets: Atlantean Treasures or Zombie Invasion?
Large quantities of bitcoin are being revived in old sleeping wallets from the early days of Bitcoin. Early investors who put up a few hundred dollars and held their investments have grown into BTC whales, as the value of the cryptocurrency continues to soar.
After being offline since June 2010, another Bitcoin wallet became operational in January. The wallet had $5 million in Bitcoin. Another Bitcoin whale account with (or rather HODLing) 900 coins became active in June 2021. Another inactive address containing 235 BTC ($11,114,901) was resurrected on Dec. 19 after 9.1 years of inactivity. After 8.4 years, a dormant address holding 225 BTC was activated on Dec. 16.
Watch This Video-
A dormant Bitcoin wallet holding 321 BTC was activated after eight years. The owner of the wallet is unknown, but it is believed that the funds are from 2011. Reference: top crypto wallets.
Frequently Asked Questions
Do Bitcoin wallets expire?
A: There is no expiration date for Bitcoin wallets, however there is a possibility that your wallet could be compromised.
The most common way of doing this would be if the private key to your bitcoin address was stolen from you in some sort of hack.
How do I get my old Bitcoin wallet back?
A: You must use the command line to access your old wallet. For example, if you used Bitcoin Core before December 2017 and want to get into it again, open up a console window and type bitcoin-cli -datadir=
Are Bitcoin wallets permanent?
A: Yes, Bitcoin wallets are permanent.
Related Tags
- what is a bitcoin wallet
- ethereum price
- bitcoin key
- is coinbase a bitcoin wallet
