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Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B

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213 points aorloff | 3 comments | 04 Jul 25 18:41 UTC | HN request time: 0s | source
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Synaesthesia ◴[05 Jul 25 05:50 UTC] No.44470362[source]▶
I was also around when bitcoin just started out. Many people wanted it to be a global revolution in finance.

But instead it turned into a game of "hodl" to get rich.

Scams were openly perpetrated in the forums.

I became completely disillusioned. What exactly does bitcoin offer the world today?

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1. ost-ing ◴[06 Jul 25 10:00 UTC] No.44479313[source]▶
The value is in the network itself. Lots of people think that its the digital tokens or coins that have value, but its the system as a whole.

The value is also in the “need”. Corporate treasuries need a way to store wealth that doesn't inflate over time, gold inflates 2% per year, bitcoin 0% - so it fills an institutional need

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2. al_borland ◴[06 Jul 25 10:52 UTC] No.44479568[source]▶
Does Bitcoin still fit this need with the volatility Bitcoin sees? Do corporations really want to put their stored value it something so unpredictable?
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3. ost-ing ◴[07 Jul 25 16:59 UTC] No.44492312[source]▶
Whats been shown is that if you hold bitcoin for 4 years or longer the investment has performed very well and significantly outperformed the S&P. Companies buying billions worth of bitcoin are thinking strategically about it, they arent retail investors who panic sell after a few months