Latest news with #PeteRizzo
Economic Times
3 days ago
- Business
- Economic Times
Mystery Bitcoin investor turns $50 into millions with mind-blowing 59,999,900% return - here's his story
How Bitcoin investor turned $50 into $30 million: An anonymous Bitcoin holder moved 300 BTC mined in 2013. The coins were worth $50 then and are now valued at $30 million. Pete Rizzo spotted the move. Bitcoin surpassed Google in market capitalization. It reached $2.456 trillion. The crypto community celebrated the investor's patience. Bitcoin's surge is due to market forces. These include institutional adoption and inflation fears. Tired of too many ads? Remove Ads Early Bitcoin Holder Moves 300 BTC After Over a Decade BTC Mined for Just $50, Now Worth Over $30 Million Tired of too many ads? Remove Ads Bitcoin Surpasses Google in Market Cap Milestone Bitcoin's 2025 Surge Driven by Global Market Forces Crypto Community Celebrates Patience and Foresight Tired of too many ads? Remove Ads FAQs In a year already packed with astonishing crypto headlines, one anonymous Bitcoin holder has stunned the crypto community by quietly moving a stash of 300 BTC, mined for just $50 over a decade ago, now worth $30 million, as per a move was first spotted by Pete Rizzo, who broke the news on X (formerly Twitter), known on X as The Bitcoin Historian, on August 14, according to The Street user wrote, 'JUST IN: SOMEONE JUST MOVED 300 #BITCOIN THAT THEY MINED FOR LESS THAN $50 IN 2013,' as quoted by The Street. Rizzo added, 'THEY HELD FROM $3K TO $30 MILLION. LEGEND,' as quoted in the READ: Opendoor CEO Carrie Wheeler quits suddenly, stock jumps 9% as Shrisha Radhakrishna steps in as new president Back in 2013, Bitcoin was trading at around $13 per coin, reported The Street. At that price, the 300 BTC could be mined for a few dozen dollars' worth of electricity and hardware costs, according to the now, in 2025, as Bitcoin is trading above $120,000 after it recently broke its all-time high, it has turned that once-small reward into a generational windfall, as per the today's market, those 300 BTC are worth more than $30 million, that means it is a return on investment of over 59,999,900%, as reported by The READ: Recession alarm? New York City job market collapses, only 956 hires in 6 months — worst in decades This comes as Bitcoin on August 13 increased more than its previous all-time high, briefly topping $124,000, and overtook Google in market capitalization, reaching $2.456 trillion, compared to Google's $2.450 trillion, as reported by CoinGecko. The milestone has positioned BTC as the fifth-largest asset in the world by market cap, according to The Street price run this year is because of a mix of macroeconomic forces, like the institutional adoption, fears of inflation, and also political uncertainty, as per the report. Market optimism further was fuelled as the US is reportedly considering a strategic Bitcoin reserve and global mining capacity is becoming more decentralised, according to The Street READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? Meanwhile, the crypto community immediately reacted online on social media X to the mysterious investor with 59,999,900% gains, according to the X user wrote, 'Diamond hands has a new definition,' as quoted by The Street. The term 'diamond hands' in Bitcoin culture is used to describe holders who resist the urge to sell, no matter the volatility, according to The Street. Like this early miner, who held on to it for more than a decade, sitting through Bitcoin's crash from $1,000 in 2013, the 2018 bear market plunge to $3,000, and the brutal 2022 crypto winter, as reported by The said, 'Holding from $3K to $30M isn't luck, it's a masterclass in patience and conviction,' adding, 'How many early holders still have the nerve to let history repeat itself?' as quoted in the one more user wrote that, 'Satoshi would be proud,' as quoted in The Street report.A mix of institutional adoption, inflation concerns, political uncertainty, and exploration of a US Bitcoin reserve, as per The Street identity is unknown, it was likely an early miner who held onto their BTC for over a decade.
Time of India
3 days ago
- Business
- Time of India
Mystery Bitcoin investor turns $50 into millions with mind-blowing 59,999,900% return - here's his story
How Bitcoin investor turned $50 into $30 million: In a year already packed with astonishing crypto headlines, one anonymous Bitcoin holder has stunned the crypto community by quietly moving a stash of 300 BTC, mined for just $50 over a decade ago, now worth $30 million, as per a report. Early Bitcoin Holder Moves 300 BTC After Over a Decade The move was first spotted by Pete Rizzo, who broke the news on X (formerly Twitter), known on X as The Bitcoin Historian, on August 14, according to The Street report. The user wrote, 'JUST IN: SOMEONE JUST MOVED 300 #BITCOIN THAT THEY MINED FOR LESS THAN $50 IN 2013,' as quoted by The Street. Rizzo added, 'THEY HELD FROM $3K TO $30 MILLION. LEGEND,' as quoted in the report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo ALSO READ: Opendoor CEO Carrie Wheeler quits suddenly, stock jumps 9% as Shrisha Radhakrishna steps in as new president BTC Mined for Just $50, Now Worth Over $30 Million Back in 2013, Bitcoin was trading at around $13 per coin, reported The Street. At that price, the 300 BTC could be mined for a few dozen dollars' worth of electricity and hardware costs, according to the report. Live Events But now, in 2025, as Bitcoin is trading above $120,000 after it recently broke its all-time high, it has turned that once-small reward into a generational windfall, as per the report. In today's market, those 300 BTC are worth more than $30 million, that means it is a return on investment of over 59,999,900%, as reported by The Street. ALSO READ: Recession alarm? New York City job market collapses, only 956 hires in 6 months — worst in decades Bitcoin Surpasses Google in Market Cap Milestone This comes as Bitcoin on August 13 increased more than its previous all-time high, briefly topping $124,000, and overtook Google in market capitalization, reaching $2.456 trillion, compared to Google's $2.450 trillion, as reported by CoinGecko. The milestone has positioned BTC as the fifth-largest asset in the world by market cap, according to The Street report. Bitcoin's 2025 Surge Driven by Global Market Forces Bitcoin's price run this year is because of a mix of macroeconomic forces, like the institutional adoption, fears of inflation, and also political uncertainty, as per the report. Market optimism further was fuelled as the US is reportedly considering a strategic Bitcoin reserve and global mining capacity is becoming more decentralised, according to The Street report. ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? Crypto Community Celebrates Patience and Foresight Meanwhile, the crypto community immediately reacted online on social media X to the mysterious investor with 59,999,900% gains, according to the report. One X user wrote, 'Diamond hands has a new definition,' as quoted by The Street. The term 'diamond hands' in Bitcoin culture is used to describe holders who resist the urge to sell, no matter the volatility, according to The Street. Like this early miner, who held on to it for more than a decade, sitting through Bitcoin's crash from $1,000 in 2013, the 2018 bear market plunge to $3,000, and the brutal 2022 crypto winter, as reported by The Street. Another said, 'Holding from $3K to $30M isn't luck, it's a masterclass in patience and conviction,' adding, 'How many early holders still have the nerve to let history repeat itself?' as quoted in the report. While, one more user wrote that, 'Satoshi would be proud,' as quoted in The Street report. FAQs Why did the crypto market explode in 2025? A mix of institutional adoption, inflation concerns, political uncertainty, and exploration of a US Bitcoin reserve, as per The Street report. Who moved the 300 Bitcoin? The identity is unknown, it was likely an early miner who held onto their BTC for over a decade.
Yahoo
4 days ago
- Business
- Yahoo
Mysterious Bitcoin legend nets nearly 59,999,900% return on $50 bet
Mysterious Bitcoin legend nets nearly 59,999,900% return on $50 bet originally appeared on TheStreet. Bitcoin's latest surge to record highs has sparked a wave of remarkable stories — but few match the jaw-dropping patience and payoff of one anonymous holder who just moved 300 BTC mined over a decade ago. Pete Rizzo, known on X as The Bitcoin Historian, broke the news on Aug. 14. 'JUST IN: SOMEONE JUST MOVED 300 #BITCOIN THAT THEY MINED FOR LESS THAN $50 IN 2013,' Rizzo wrote. 'THEY HELD FROM $3K TO $30 MILLION. LEGEND ' The coins, worth about $100 each at the time of their mining in 2013, were essentially a hobbyist's haul. Back then, Bitcoin hovered around $13 per coin — meaning the entire stash could be mined for a few dozen dollars' worth of electricity and hardware costs. Fast forward to 2025, with Bitcoin trading above $120,000 after recently breaking its all-time high, those 300 BTC are now worth roughly $30 million. That's a return on investment of more than 59,999,900%. Bitcoin on Aug. 13 surged past its previous all-time high, briefly topping $124,000, and overtook Google in market capitalization, hitting $2.456 trillion versus Google's $2.450 trillion, according to CoinGecko. The milestone cements BTC as the fifth-largest asset in the world by market cap. A masterclass in patience The crypto community was quick to react. 'Diamond hands has a new definition,' one user on X quipped. 'Holding from $3K to $30M isn't luck, it's a masterclass in patience and conviction,' wrote another. 'How many early holders still have the nerve to let history repeat itself?' Some framed the move in more poetic terms. 'Satoshi would be proud,' another user posted. What this means in today's market Bitcoin's price run in 2025 has been driven by a mix of macroeconomic forces — institutional adoption, fears of inflation, and the latest wave of political uncertainty. With the U.S. reportedly considering a strategic Bitcoin reserve and global mining capacity becoming more decentralized, market optimism has been hard to miss. Yet, movements like this — large, dormant wallets suddenly springing to life — often raise eyebrows. Are they signs of early adopters cashing out, or simply moving assets for security? Blockchain sleuths will no doubt be watching where these 300 BTC end up. In Bitcoin culture, the term diamond hands refers to holders who resist the urge to sell, no matter the volatility. This early miner has embodied that ethos for more than a decade, sitting through Bitcoin's crash from $1,000 in 2013, the 2018 bear market plunge to $3,000, and the brutal 2022 crypto winter. Mysterious Bitcoin legend nets nearly 59,999,900% return on $50 bet first appeared on TheStreet on Aug 14, 2025 This story was originally reported by TheStreet on Aug 14, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Mysterious Bitcoin legend nets nearly 59,999,900% return on $50 bet
Mysterious Bitcoin legend nets nearly 59,999,900% return on $50 bet originally appeared on TheStreet. Bitcoin's latest surge to record highs has sparked a wave of remarkable stories — but few match the jaw-dropping patience and payoff of one anonymous holder who just moved 300 BTC mined over a decade ago. Pete Rizzo, known on X as The Bitcoin Historian, broke the news on Aug. 14. 'JUST IN: SOMEONE JUST MOVED 300 #BITCOIN THAT THEY MINED FOR LESS THAN $50 IN 2013,' Rizzo wrote. 'THEY HELD FROM $3K TO $30 MILLION. LEGEND ' The coins, worth about $100 each at the time of their mining in 2013, were essentially a hobbyist's haul. Back then, Bitcoin hovered around $13 per coin — meaning the entire stash could be mined for a few dozen dollars' worth of electricity and hardware costs. Fast forward to 2025, with Bitcoin trading above $120,000 after recently breaking its all-time high, those 300 BTC are now worth roughly $30 million. That's a return on investment of more than 59,999,900%. Bitcoin on Aug. 13 surged past its previous all-time high, briefly topping $124,000, and overtook Google in market capitalization, hitting $2.456 trillion versus Google's $2.450 trillion, according to CoinGecko. The milestone cements BTC as the fifth-largest asset in the world by market cap. A masterclass in patience The crypto community was quick to react. 'Diamond hands has a new definition,' one user on X quipped. 'Holding from $3K to $30M isn't luck, it's a masterclass in patience and conviction,' wrote another. 'How many early holders still have the nerve to let history repeat itself?' Some framed the move in more poetic terms. 'Satoshi would be proud,' another user posted. What this means in today's market Bitcoin's price run in 2025 has been driven by a mix of macroeconomic forces — institutional adoption, fears of inflation, and the latest wave of political uncertainty. With the U.S. reportedly considering a strategic Bitcoin reserve and global mining capacity becoming more decentralized, market optimism has been hard to miss. Yet, movements like this — large, dormant wallets suddenly springing to life — often raise eyebrows. Are they signs of early adopters cashing out, or simply moving assets for security? Blockchain sleuths will no doubt be watching where these 300 BTC end up. In Bitcoin culture, the term diamond hands refers to holders who resist the urge to sell, no matter the volatility. This early miner has embodied that ethos for more than a decade, sitting through Bitcoin's crash from $1,000 in 2013, the 2018 bear market plunge to $3,000, and the brutal 2022 crypto winter. Mysterious Bitcoin legend nets nearly 59,999,900% return on $50 bet first appeared on TheStreet on Aug 14, 2025 This story was originally reported by TheStreet on Aug 14, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
