menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Bitcoin: $...
source image

Coindoo

1w

read

372

img
dot

Image Credit: Coindoo

Bitcoin: $500 Bitcoin Bet Turns Into $10M Payday After 13-Year Hold

  • Galt, a long-time member of Bitcoin Talk forums, sold a rare Casascius physical coin for $10 million after holding it for 13 years.
  • The physical ingot contained real Bitcoin and was minted by Mike Caldwell in 2011, symbolizing the early days of cryptocurrency.
  • Despite offers to auction the coin in the past falling short of its full BTC value, Galt finally decided to redeem the Bitcoin in May after it crossed the $100,000 mark.
  • The Casascius coins and bars, discontinued in 2013, have become prized collector's items, with Galt's $500 initial investment turning into a life-changing windfall.

Read Full Article

like

22 Likes

For uninterrupted reading, download the app