"The miner's patience is sky high, it feels like if the price of BTC goes up a little, everyone has already sold."
Ki Young Ji, Chief Executive Officer (CEO) of CryptoQuant revealed that a Bitcoin (BTC) miner who produced 150 BTC in 2009 when the price was $0.13 sold his savings for a profit of $6.5 million last year.
In addition to reporting that the miner became a millionaire within 13 years of holding and selling his BTC, his total investment profit equaled 5,000,000,000%, the CEO of CryptoQuant further commented on his Twitter account.
It is well known that the individual interested in joining the cryptocurrency market mined 150 BTC in November 2009.
With a lot of patience, the miner who wanted to make a good profit held BTC for the long term and then sold it in April last year when the price was at $43,000.
But it should be known that the investment can bring greater profits if the miner acts to sell his holdings when the price soars to an all-time high of almost $70,000 in 2021.
However, some users of the social media platform Twitter are of the view that the miner's actions are well-timed following BTC's price decline in the following months.
At current rates, the savings would equal around $4.4 million while the value would be less than $2.5 million at the end of 2022.
So far, the price of BTC has plunged by 0.50% to $29,381 in the last 24 hours with a market capitalization of $571 billion but still recorded an increase of around 0.81% over the last week.
