A cryptocurrency owner who has not moved his bitcoins since 2010 has been contacted

An unknown miner who mined 2,000 bitcoins in 2010 has merged his assets into a single wallet, according to The Block. At the time of mining, the total value of the coins was about $ 600, but now BTC $95,814.78 Bitcoin -1.39% Market capitalization $1.9 trillion VOL. 24 hours $2.46 billion it has reached almost $ 140 million.

A user who tracked the transaction said that it consists of 40 mining reward blocks of 50 BTC each. At the early stage of the flagship cryptocurrency’s development in 2010, miners received 50 bitcoins for each block mined. Since then, halving has been taking place every four years, a process in which the reward for a mined bitcoin block is halved.

According to the founder of the analytical company CryptoQuant, Kee Yang Ju, the consolidation of 2,000 bitcoins may be a sign of a «liquidity crisis on the part of sellers.» The shortage of BTC and growing demand from exchange-traded funds may lead to an increase in the price of BTC above market expectations, the expert believes. According to the CryptoQuant CEO’s forecast, the price of bitcoin could reach $ 112,000 by the end of 2024 if the current trend of inflows to bitcoin exchange-traded funds continues.

The last few months have seen an increase in the activity of large bitcoin holders. On March 23−24, the fifth largest bitcoin address moved 94,504 bitcoins worth about $ 6 billion to three new addresses.