A savvy Bitcoin holder has made nearly $30 million in profit after holding Bitcoin (BTC) for over a decade, highlighting the long-term investment potential of this digital asset.
According to Whale Alert, the unidentified investor sold 300 Bitcoins (BTC) for $29.8 million on Sunday, which had been held for over 11 years.
It is reported that the investor purchased these Bitcoins in 2013 for about $60,000, meaning they made a profit of over $29 million.
Bitcoin's decade-long performance continues to outpace traditional assets. According to TradingView data, Bitcoin (BTC) has surged over 40,600% in the past ten years, while gold has risen 189%, the S&P 500 has increased 116%, and oil prices have gone up 60%.
Other traders have also made millions by holding cryptocurrencies, including meme coins.
In December 2024, an investor made $52 million in profit from an initial investment of just $27 after holding the Pepe (PEPE) meme coin for over 600 days, achieving a return on investment of over 1.9 million times.
Recently, Bitcoin's price has been under pressure due to escalating conflicts in the Middle East. According to Reuters, Bitcoin's price fell to over a six-week low of $98,240 on Sunday following U.S. airstrikes on Iranian nuclear facilities. U.S. President Donald Trump warned of further strikes unless Iran agrees to peace.
Since Israel launched multiple strikes against Iran on June 13, the two countries have been engaged in a strategic missile war, marking the largest attack on Iran since the Iran-Iraq War of the 1980s.
The decline in Bitcoin's price indicates that the crypto market remains "closely tied to the broader financial landscape and tensions in the Middle East," Nexo communications editor Stella Zlatareva told Cointelegraph, adding:
Although Bitcoin's price briefly dipped below the psychologically significant $100,000 level, it seems to have stabilized for now. Nevertheless, further geopolitical shocks could put pressure on prices again.
Despite geopolitical concerns, U.S. spot Bitcoin exchange-traded funds (ETFs) continue to accumulate funds, with net inflows exceeding $1 billion over the past week, according to Sosovalue data.
However, ETF inflows slowed to just $6.4 million on Friday, with BlackRock being the only asset management company that purchased $46.9 million in BTC.
Related: Amid price declines due to geopolitical concerns, Strategy purchased 245 Bitcoins (BTC) for $26 million.
Original article: “Investor Makes Nearly $30M from Bitcoin Bought in 2013”
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