Bitcoin Investor Reaps $30 Million After 11-Year Hold
An early Bitcoin adopter has realized nearly $30 million in profit from a $60,000 purchase made in 2013. According to blockchain tracker Whale Alert, the investor sold 300 BTC after holding for over a decade, achieving a remarkable 496-fold return.
Bitcoin’s Decade of Dominance Over Traditional Assets
Over the past ten years, Bitcoin has surged 40,600% in value, dramatically outperforming traditional assets. During the same period, gold gained 189%, the S&P 500 rose 116%, and oil prices increased by just 60%. This performance highlights Bitcoin‘s potential as a long-term store of value.
Market Volatility Amid Geopolitical Uncertainty
Recent Middle East tensions caused Bitcoin‘s price to briefly dip below $100,000. While the cryptocurrency has since stabilized, analysts warn that ongoing geopolitical risks may lead to further price fluctuations.
Sustained Demand for Bitcoin Investment Products
Despite market volatility, U.S. spot Bitcoin ETFs attracted over $1 billion in net inflows last week. BlackRock led the activity, purchasing $46.9 million worth of BTC in a single trading session.
