According to cryptocurrency analysis platform LookOnChain, a Bitcoin (BTC) wallet dormant for 14 years has awoken with a 140,000X return. The investor purchased 10,000 BTC for $7805 when the asset was trading at $0.78 on Apr. 3, 2011. Today, the holdings are worth $1.09 billion.

Why Did The Investor Move Their Bitcoin?

It is unclear why the wallet has awoken after more than a decade of dormancy. It is possible that the wallet owner forgot their wallet keys and has finally recovered them. It is also possible that the wallet belongs to a larger firm that is reshuffling its assets.

The investor may be looking to book profits. According to LookOnChain, the wallet transferred all its Bitcoin (BTC) holdings “out.” This could imply that the owner has taken the coins into a different cold storage platform.

Can You Still Make A Billion Dollars With Crypto?

There have been some examples of investors making more than a billion dollars in crypto with minimal investments. The Bitcoin (BTC) wallet is one example of how a $7800 investment turned into more than $1 billion over the course of 14 years.

There have been other examples of investors making $1 billion in far less time. One investor purchased $8000 worth of Shiba Inu (SHIB) in 2020. The investment turned to more than $1 billion when the asset hit an all-time high of $0.00008616 in October 2021.

Also Read: China’s Addentax Textile Boosts Bitcoin Purchase to $1.3B for 12K BTC

Like Bitcoin (BTC) and Shiba Inu (SHIB), the key factor for both examples is that the investor entered the project in its early days. Early investors have the advantage of buying at cheap prices.

While it is important to enter a project early, it is equally important, if not more to do proper research before putting in your hard-earned money. Most crypto projects have not turned early investors into billionaires. Many projects have failed, and several people have lost a lot of money.