Press Review: Latest Developments in the Crypto World
DER AKTIONÄR reports that two ancient Bitcoin wallets, inactive for over a decade since the era of Satoshi Nakamoto, have been reactivated. A total of 1,000 Bitcoins were moved from these wallets recently, sparking intense speculation within the crypto community about who might be behind this activity and their motives. The timing and amounts involved suggest both wallets likely belong to the same owner.
The transactions occurred on May 12th with each wallet transferring exactly 500 Bitcoins approximately fifty minutes apart. Initially funded back in September 2013 when Bitcoin was valued at $134 per coin, these holdings are now worth around $61.2 million given current prices near $61,200 per Bitcoin—a staggering increase of roughly 4,500% over eleven years.
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According to WirtschaftsWoche, there is an ongoing debate regarding whether Bitcoin can serve as a reliable store of value (SoV). Proponents argue its limited supply—capped at nearly 21 million coins—and decentralized nature make it akin to "digital gold." They highlight how institutional interest has grown significantly; even BlackRock CEO Larry Fink likened Bitcoin's role against inflationary pressures to traditional gold investments.
However, critics point out several drawbacks such as extreme price volatility, which undermines the stability required for SoVs, along with regulatory uncertainties potentially impacting future valuations negatively due to unforeseen governmental actions or market manipulations by large holders ("whales"). Despite differing opinions among experts and investors alike, one thing remains clear: only time will reveal if BTC truly becomes a mainstream financial asset class capable of preserving wealth across generations, much like precious metals historically did before the advent of modern banking systems worldwide.
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