An early adopter of Bitcoin has made headlines after unloading a long-held stash of BTC for a massive profit, showcasing the digital asset’s impressive long-term potential.
Blockchain tracking service Whale Alert reports that the anonymous investor sold 300 BTC on Sunday, raking in approximately $29.8 million. The coins were originally acquired back in 2013 for around $60,000 total—resulting in a gain exceeding $29 million.
This massive return underscores Bitcoin’s dominance over traditional assets over the past decade. Data from TradingView shows BTC has skyrocketed over 40,600% in ten years, compared to gold’s 189% increase, the S&P 500’s 116% rise, and oil’s 60% gain.
Other crypto investors have struck gold as well. In late 2024, one holder reportedly turned a $27 investment in the memecoin Pepe (PEPE) into a staggering $52 million after holding for more than 600 days—an ROI of over 1.9 million percent.
Geopolitical Tensions Weigh on Bitcoin
Despite the long-term bullishness, Bitcoin hasn’t been immune to current global tensions. On Sunday, BTC briefly dropped to $98,240—its lowest point in over six weeks—following U.S. airstrikes targeting Iranian nuclear infrastructure.
According to Reuters, President Donald Trump warned of further military action unless Iran engages in peace talks. This follows escalating conflict in the region, with Israel initiating missile strikes against Iran on June 13, marking one of the most intense flare-ups since the 1980s.
Stella Zlatareva, an editor at Nexo Dispatch, noted that the crypto market’s movements continue to reflect broader global uncertainty:
“We’re likely to see continued volatility as investors respond to geopolitical events, ETF activity, and shifting macroeconomic conditions.”
Bitcoin has since rebounded slightly above the $100,000 threshold, but experts caution that renewed instability could cause more downside in the short term.
ETFs Keep Buying Despite Market Jitters
Interestingly, U.S.-based spot Bitcoin ETFs have continued to draw investor interest amid the turmoil. According to data from Sosovalue, these funds accumulated over $1 billion in net inflows over the past week alone.
However, inflows slowed considerably on Friday, totaling just $6.4 million. BlackRock stood out as the only major buyer, adding $46.9 million worth of BTC to its holdings.
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