How did the Bitcoin recovery of $ 10 million ended with a missing 50 thousand dollars? star-news.press/wp
Bitcoin’s news appeared about an individual dealer to recover the 13 -year -old gold tape in the encryption community and soon gained a traction. In these years, the BTC price increased from a few dollars into six numbers, which turned the individual into millions of millions, as the profit reached 10 million dollars. However, he lost 50 thousand dollars close to the total boxes? Why? Let’s discuss.
Bitcointalk user turned $ 500 to $ 10 million with Bitcoin golden bars
Bitcointalk users, Johngalt, occupied newspaper addresses earlier in May where he canceled the 13 -year -old Bitcoin Casasius bar and a BTC recovery. It is worth noting that he bought 100 BTC at only $ 500 ago more than a decade in 2012. At that time, the price of only one BTC was $ 5. Now in 2025, the value of the same code increased to $ 107,000, thus a total profit reaches $ 10 million.
The encryption dealer revealed that he was adhering to the bar because of his emotional value, because he believes that physical bitcoin deserves more than money.
I didn’t want to recover it. For me, the physical bitcoin that has not been replaced appears to be worth more than just money. I tried to sell it several times, but it is difficult to sell something of value, and you cannot really trust anyone. I even looked at the auctions, but I will become less than what Bitcoin himself deserved. Jong -Petickelk Post.
It is worth noting that these golden bars in Casascius were created by Mike CaldWell in 2011. Each bar came with a clear 3D image for tampering and a hidden private key that allows access to symbols. Nowadays, these holdings are considered and come in different ranges. Now, only 35 of this is opened, and therefore the noise around them.
Bitcoin News: How did the pregnant woman lose 50 thousand dollars?
Although Johngalt replaced the gold tape, it did not spend the symbols. Instead, he divided BTC with a value of $ 10 million into 10 different portfolio addresses as it was very risk to carry this huge value in one private key or even in a material strip.
However, he made a prominent mistake in publishing a guide to reach such money.
It included a special small picture that was visible to the viewers. The wallet connected to the small key was 100 Bch as a strict currency that was not required, at a value of $ 50,000, which claimed an encryption user, Nexusrushrush.
Instead of Johnvolts, Nexusrush enables access to these distinctive BCH. It is worth noting that the individual quickly returned the distinctive symbol to the original wallet. However, the wallet is already at risk, and anyone can reach it.
Related questions (common questions)
Bitcontalk user with Johngalt username got $ 10 million from the 13 -year -old Bitco Gold, which contains 100 BTC.
Casascius Gold is the physical bitcoin that was created in 2011 and includes a clear three -dimensional image and hidden special keys.
The $ 50,000 has been returned to the original wallet, but the wallet is still at risk.
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Bouja Khargia
Pooja Khardia is a seasoned tricky content of more than 6 years of writing, including in Blockchain, Cryptocurrency, Defi and Digital Finance. On her adventure trip, she is currently working with Coingepe Media and leads the Trending section. Here, its expertise is used to provide analyzes, market visions, prices and information about what is heading in the encryption space, with the aim of maintaining the update of the encryption community and web3 with market trends and important visions. Pooja is famous for the user and direct writing style, and it is excited to make Crypto easy and accessible. Its writing about market research mixes with narration of stories, helping readers to move forward in making a fast -paced. When you don’t stand behind the keyboard, Bouja adopts its creative side by drawing and formulating. Contact Poja on LinkedIn or X.
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Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.
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2025-07-02 13:30:00
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