According to Arkham data, a Bitcoin (BTC) whale has moved 1042 BTC to a new wallet after 6 years of dormancy. The wallet received 1042 BTC 6 years ago when the asset was trading for $8746. The whale paid about $9.12 million for the purchase. Today, the holdings are worth $122.54 million, with a profit of more than $110 million.

Can You Still Make Millions With Bitcoin?

Bitcoin (BTC) is among the best-performing assets of the last decade and a half. The original crypto has even outperformed major tech stocks and real estate. While many think that it may be too late to make it big with BTC, others say we are still in the early stages of BTC’s actual bull run.

Many industry experts believe Bitcoin (BTC) will breach the $1 million mark by the end of this decade. In a recent interview, Binance founder Changpeng Zhao (CZ) said BTC could go somewhere between $500,000 and $1 million this cycle. Ark Invest CEO Cathie Wood also believes BTC will eventually hit the $1 million mark.

Also Read: Deutsche Bank: Bitcoin is Entering a Less Volatile Stage

Bitcoin (BTC) has hit multiple milestones in its journey. The SEC’s approval of spot BTC ETFs in 2024 was one major move that has led to substantial adoption of the asset. Spot ETFs allowed big financial institutions to step into the crypto game. ETF inflows have caused a massive price rally for BTC in the last month. The asset climbed to a new all-time high of $122,838 on July 14. Many anticipate the rally to continue over the coming weeks.

We have also seen a rapid adoption of BTC among nation states. The US announced a digital asset reserve earlier this year. Other countries are also following suit.

You may be wrong to think that it is too late to make big gains with Bitcoin (BTC). We may be only getting started in the crypto rush.