Bitcoin, which has become one of the most popular investment tools in recent years, has experienced a very sharp decline in the past few days. The crypto currency, which broke a record on record and has been trading at $ 57 thousand for a while, bottomed out in just a few hours on December 4th. So much so that Bitcoin, which fell to the level of 42 thousand dollars, caused billions of dollars of loss due to panic sales and the liquidity of investors who opened margin transactions. However, while some lost all their savings, others became rich from this decline.
An unknown who owns the third largest Bitcoin wallet in the world, managed to evaluate the decline in Bitcoin. The investor, who bought around 3,000 (three thousand) Bitcoins in just a few days, increased the total amount of Bitcoin in his hand to 118 thousand 538. The value of such a large wallet is about $6 billion at current prices.
When purchases started, Bitcoin was around $3,000.
In the chart above, you see the account activity in the world’s third largest Bitcoin wallet.
The Bitcoin wallet in question has been active since 2019. The cryptocurrency was trading at only $3,000 at that time. The adventure, which started with the purchase of 10 thousand Bitcoins, has continued until today. According to the calculations, the average cost of the mysterious investor is 21 thousand 160 dollars. In other words, for this investor to make a loss, Bitcoin must fall below $ 21 thousand. . .
Although transactions made in Bitcoin wallets can be seen by everyone, it is not known who owns the wallets. In other words, the owner of this account may even be a person you know very well. Maybe one of the biggest companies in the world. However, the main issue here is not who this wallet belongs to. What is the wallet used for? Cryptocurrency analysts have a common understanding of transactions in the wallet. This investor wants to hold Bitcoin for the long term and buys again every time it crashes. . . Time will tell who will win and who will regret this investment. . .
This content is definitely not investment advice.
