{"id":4670,"date":"2023-05-13T17:36:15","date_gmt":"2023-05-13T21:36:15","guid":{"rendered":"http:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/"},"modified":"2023-05-13T17:36:15","modified_gmt":"2023-05-13T21:36:15","slug":"ancient-bitcoin-changes-wallets-after-12-years-dormant","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/","title":{"rendered":"\u2018Ancient\u2019 Bitcoin Changes Wallets After 12 Years Dormant"},"content":{"rendered":"<p> <br \/>\n<br \/><noscript><img decoding=\"async\" class=\"lazyload\" src=\"https:\/\/img.decrypt.co\/insecure\/rs:fill:1024:512:1:0\/plain\/https:\/\/cdn.decrypt.co\/wp-content\/uploads\/2023\/05\/Bitcoin-Compass-shutterstock_2217269339-16x9-1-gID_7.jpg@png\" \/><\/noscript><\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58;text-align:left\">\n<p class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Asleep for ages, more sats wake from years of slumber.<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Bitcoin bought in 2011 came back to life on Thursday, when 139 Bitcoin belonging to address <\/span><span style=\"font-weight:400\">1H1Ab6<\/span><span style=\"font-weight:400\"> moved into a newly created <\/span><span style=\"font-weight:400\">Segwit<\/span><span style=\"font-weight:400\"> address.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The owner\u2014who <\/span><span style=\"font-weight:400\">hodled<\/span><span style=\"font-weight:400\"> for nearly twelve years\u2013bought the coins in June 2011 for a bit over $2,250 dollars, only to see them grow into a staggering $3.5 million at bitcoin\u2019s <\/span><span style=\"font-weight:400\">current price mark<\/span><span style=\"font-weight:400\">.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">These coins belong to what\u2019s known as Ancient Supply, which refers to Bitcoin purchased at least 7 years ago, although some analysts use 5 years as their base date.<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">This year has seen a significant amount of movement from ancient Bitcoin, with 3,200 BTC reviving\u20141,100 of which pre-date 2013, <\/span><span style=\"font-weight:400\">according to a report<\/span><span style=\"font-weight:400\"> from Glassnode.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Spurring the curiosity of many,\u00a0 the market saw a truly ancient wallet\u2014created in October 2010 when the price was an obscene $0.19 USD\u2014sell off 429 Bitcoins in March last year. A year later, in February 2023, another <\/span><span style=\"font-weight:400\">Satoshi-era address<\/span><span style=\"font-weight:400\"> moved 412 Bitcoin worth $9.6 million dollars after more than a decade.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">It's hard to tell whether these owners' convictions have changed and whether these movements are related to the selling of the coins or simply personal custodial practice. Given Bitcoin\u2019s pseudonymous nature, we might never really know who these ancient coins belong to or what they are doing with them\u2013especially when thinking of <\/span><span style=\"font-weight:400\">Satoshi\u2019s stash,<\/span><span style=\"font-weight:400\"> which is said to sit at 5% of the total supply.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Glassnode<\/span><span style=\"font-weight:400\"> does offer some insight, however. According to the on-chain analytics provider, dormant coins become increasingly unlikely to sell after 155 days, although when these are sold, they could signal a change in conviction. A recent newsletter by the company did show that the number of Bitcoin held long term is growing by 100,000 BTC per month.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Despite yesterday\u2019s move, and the sporadic satoshi-era spending, many consider the majority of Bitcoin\u2019s ancient supply\u2014<\/span><span style=\"font-weight:400\">4.25 million of which only<\/span><span style=\"font-weight:400\"> 356,000 have ever been spent\u2014to be <\/span><span style=\"font-weight:400\">lost forever<\/span><span style=\"font-weight:400\">.<\/span><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-left p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl mb-6 md:text-center gg-dark:text-white\">Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/decrypt.co\/140058\/ancient-bitcoin-changes-wallets-after-12-years-dormant\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asleep for ages, more sats wake from years of slumber. Bitcoin bought in 2011 came back to life on Thursday, when 139 Bitcoin belonging to address 1H1Ab6 moved into a newly created Segwit address.\u00a0 The owner\u2014who hodled for nearly twelve years\u2013bought the coins in June 2011 for a bit over $2,250 dollars, only to see [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-4670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending-cryptos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u2018Ancient\u2019 Bitcoin Changes Wallets After 12 Years Dormant - Leading Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Ancient\u2019 Bitcoin Changes Wallets After 12 Years Dormant\" \/>\n<meta property=\"og:description\" content=\"Asleep for ages, more sats wake from years of slumber. Bitcoin bought in 2011 came back to life on Thursday, when 139 Bitcoin belonging to address 1H1Ab6 moved into a newly created Segwit address.\u00a0 The owner\u2014who hodled for nearly twelve years\u2013bought the coins in June 2011 for a bit over $2,250 dollars, only to see [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/\" \/>\n<meta property=\"og:site_name\" content=\"Leading Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-13T21:36:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/05\/\u2018Ancient-Bitcoin-Changes-Wallets-After-12-Years-Dormant.jpg@png.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"LCN-Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"LCN-Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/\"},\"author\":{\"name\":\"LCN-Admin\",\"@id\":\"https:\/\/leadingcryptonews.com\/#\/schema\/person\/a303f33566761f963a7c3c0cde394e30\"},\"headline\":\"\u2018Ancient\u2019 Bitcoin Changes Wallets After 12 Years Dormant\",\"datePublished\":\"2023-05-13T21:36:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/\"},\"wordCount\":341,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/leadingcryptonews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/05\/\u2018Ancient-Bitcoin-Changes-Wallets-After-12-Years-Dormant.jpg@png.png\",\"articleSection\":[\"Trending Cryptos\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/\",\"url\":\"https:\/\/leadingcryptonews.com\/ancient-bitcoin-changes-wallets-after-12-years-dormant\/\",\"name\":\"\u2018Ancient\u2019 Bitcoin Changes Wallets After 12 Years Dormant - 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