BTC early holder counterattacks, low cost reaches k thousand assets! "This time" reaches 100,000 pounds?

12 years ago, you could buy Bitcoin for 10 U!

BTC recently reached another historic milestone. 12 years ago today, cryptocurrency enthusiasts had the last opportunity to buy BTC for less than $10. Pete Rizzo, a BTC historian, recently shared this interesting fact on X, triggering nostalgia and admiration in the encryption community. Rizzo wrote, 'Interesting fact: 12 years ago today, you had the last opportunity to buy BTC for less than $10.'

Image source: X Pete Rizzo posted that 12 years ago, there was an opportunity to buy BTC for less than $10

To this day, early adopters who took the risk to invest in BTC have witnessed explosive growth in asset value. Over the past 12 years, the value of BTC has skyrocketed from less than $10 to nearly $74,000 (reached in mid-March), solidifying its status as the "digital gold." For example, if 100 BTC were purchased in 2012, despite recent market fluctuations, its value is still worth millions of dollars.

The dormant Wallet wakes up, and early holders receive k tens of thousands of rewards

On October 25th, blockchain data tracking agency Whale Alert reported that a BTCWhaleWallet that had been dormant for over 12 years has been reactivated. The wallet contains 400 BTC, valued at approximately $2,149 at the time and now worth $27.28 million. In the report, Whale Alert stated, 'An address containing 400 BTC that has been dormant for 12.4 years has just been activated. The wallet was worth $2,149 in 2012.'

Image source: Whale Alert 12 years old BTCWhale wakes up, transfers 400 BTC

This event highlights the huge returns of BTCholders over the past decade, and once again sparks discussion about the long-term investment potential of BTC. As of the time of writing, the BTC price is $69,673. Despite the impact of U.S. non-farm data and recent reports of the U.S. government investigating stablecoin issuer Tether for alleged violations of sanctions and Anti-Money Laundering regulations, the cryptocurrency market is generally falling, but the long-term trend of BTC is still followed by the market.

BTC welcomes the golden cross, is 100,000 possible next year?

Looking ahead, Technical Analysis shows that the 50-day moving average (SMA) of BTC has converged and is expected to cross above the 200-day moving average, forming a potential 'golden cross.' Historical data indicates that the golden cross on October 30, 2023, doubled the value of BTC, reaching a historical high of nearly $74,000. The market expects this technical pattern to potentially drive the price of BTC higher again. Following last year's trend, BTC may have the opportunity to reach $100,000 in March next year.

Source: TradingView BTC forms a golden cross, predicting a potential reach of 100,000 US dollars next year

Overall, the 'counterattack' story of early Bitcoin holders not only witnesses the huge potential of the cryptocurrency market but also inspires a new generation of investors. As Bitcoin continues to be followed globally, its future trends are still worth closely following for investors.

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[Disclaimer] The market is risky, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions of this article are applicable to their specific circumstances. Investment based on this article is at your own risk.