Key Takeaways
- A long-term bitcoin holder sold 300 BTC for nearly $30 million, achieving a 496x return since 2013.
- Bitcoin outperformed gold, the S&P 500, and oil over the past decade, gaining over 40,000%.
- Despite geopolitical tensions and price volatility, US spot bitcoin ETFs accumulated over $1 billion in net inflows last week.
An anonymous Bitcoin holder sold 300 BTC for $29.8 million on Sunday, according to Whale Alert, after holding the coins since 2013.
The initial investment was approximately $60,000, resulting in a 496-fold return over more than 11 years.
Bitcoin’s ten-year performance remains unmatched, posting a staggering 40,600% gain, compared to gold’s 189%, the S&P 500’s 116%, and oil’s 60% during the same period.
Market volatility amid geopolitical tensions
Bitcoin’s price recently dropped to a six-week low of $98,240 following US air strikes on Iran’s nuclear sites, as reported by Reuters.
The ongoing conflict between Israel and Iran has impacted global markets, and bitcoin was no exception.
Despite the dip, U.S. spot bitcoin ETFs saw over $1 billion in net inflows over the last week, though Friday’s flows slowed to $6.4 million, with BlackRock alone buying $46.9 million in BTC. To track US ETF bitcoin holdings, see here.
