The single largest transfer of wealth in the history of Bitcoin occurred today!

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If you are reading this, congrats, you are a part of history!

Today bitcoin just witnessed the single largest monetary transfer in the history of bitcoin.

A single wallet transferred $1.15 billion worth of bitcoin today at the current price (88,857 BTC) to another bitcoin wallet.

This bested the previous all time high set earlier this year by a Bitfinex transfer that sent roughly $1.1 billion worth of bitcoin in a single transfer.

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(Source: https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24)

But here's the really neat thing in all of this...

The person who sent the $1.15 billion dollar transfer only paid about $3.58 (0.00027847 BTC) to do so.

$3 to send to $1.15 billion anywhere in the world?!

Yea, that's why bitcoin matters!

Stick that in your pipe and smoke it legacy financial system!

Posted Using LeoFinance Beta



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3 comments
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Be this whale a bit more patient, I think he could do the same transaction with fee under $1.
IMHO there is not much to be so exited about.
I remember playing Satoshi Dice game, flipping 0.003 BTC back and forth every 30 seconds. With fees close to zero, maybe $0.00000001. BTC transaction is nothing more than a text message. It's cost to propagate is the same wether it is containing almost $0 or carrying multi billions of USD

Posted Using LeoFinance Beta

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The reason to be excited is because imagine trying to send $1.15 billion using the legacy financial system and how long it would take and how much it would cost. This $1.15 billion was sent anywhere in the world, in under 20 minutes, and it cost roughly $3.50. Unheard of in the current financial world.

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And irregardless of the fee, it was still the largest transfer of wealth in the history of bitcoin today, and that's a reason to be excited.

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