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An early Bitcoin investor unlocked 100 Bitcoins from a physical Bitcoin gold bar after 13 years, earning over 10 million dollars.
On July 12, according to a report by Coindesk, as Bitcoin continues to hit new highs, early Bitcoin investor and BitcoinTalk forum user "JohnGalt" successfully cashed in his Casascius physical Bitcoin bars, which he had collected for 13 years, extracting 100 Bitcoin Private Keys stored within, resulting in a profit of about 10 million dollars. JohnGalt noted that he initially purchased this gold bar for 500 dollars in 2012, when each Bitcoin was only about 5 dollars and hardly anyone paid attention to it. In his post, he candidly admitted that he had tried to sell the gold bar several times over the years and even considered auctioning it off, but he was always unable to complete the transaction due to pricing disputes and trust issues. Now, as Bitcoin surpasses 100,000 dollars, JohnGalt feels that continuing to hold the physical asset valued in the "eight-figure dollar" range has become too risky, which is why he decided to extract these 100 Bitcoin. It is worth noting that since BCH uses the same Private Key mechanism as Bitcoin, before JohnGalt had withdrawn BCH, sharp-eyed netizens quickly extracted 40,000 dollars worth of BCH based on the Private Key shown in the photo, and the whole process took only 9 minutes.