An anonymous bitcoin investor has reportedly transferred over 18 million US Dollars in bitcoin just as the most valuable digital asset continues its impressive upward gains across major crypto exchange around the World.
At the time of publishing, 1BTC was trading at $18,668 on Binance, one of the biggest exchange platforms.
The screenshot of the transfer which was effected on November 19, 2020 (0950 Hours) shows that BTC trader moved more than 1000BTC to an unknown address, coinbeast tweeted.
“Someone just transferred over $180,000,000 using #bitcoin and they paid a fee of about $8.50. “That’s a transaction fee of 0.00000434% : No trusted 3rd party was required.
Nobody can reverse this transaction.-Nobody could have stopped it. -Nothing needs to be “authenticated,” the crypto blog says.
The transaction has drawn mixed reactions. While some described bitcoin as a fantastic way of transacting businesses, others say it isn’t safe to such a large amount.
“Yeah… this does not excite me. Fees are needed to sustain the network sooner than people realize.”
Carel de Jager says safety is crucial, “This is not safe. Bitcoin is not suitable for large transactions if the sender cannot be trusted. $180m of work must first be spent before this transaction is fully confirmed”
At the time of this report, bitcoin has made 3.68% gain in the last 24 hours and 14.51% in the last seven days, data on coinmarketcap says.
One Bitcoin is predicted to reach $397,727 by 2030, forecast by Crypto Research Report says.
The bitcoin frenzy continues just as a former American rapper Logic revealed how he bought $6 million bitcoin in October 2020