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Bitcoin Collector Purchases Rare Casascius Gold Bar for $500, Now Profits Over $10 Million
Summary: According to Cryptoslate, a collector known as John Galt on the Bitcoin Talk forum recently redeemed a solid gold Casascius physical Bitcoin bar purchased in 2012, extracting 100 BTC worth over $10 million. The bar was originally bought for only $500, resulting in an investment return rate of approximately 2,000,000%. Casascius physical Bitcoins, issued by ...
According to Cryptoslate, a collector known as John Galt on the Bitcoin Talk forum recently redeemed a solid gold Casascius physical Bitcoin bar purchased in 2012, extracting 100 BTC worth over $10 million. The bar was originally bought for only $500, resulting in an investment return rate of approximately 2,000,000%. Casascius physical Bitcoins, issued by Mike Caldwell in 2011, embed real Bitcoin private keys. Due to regulatory pressure, production ceased in 2013, making them rare collectibles in crypto history. Data from casasciustracker.com shows over 10,000 Casascius coins have been redeemed, with over 18,000 still unused.
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Link: Bitcoin Collector Purchases Rare Casascius Gold Bar for $500, Now Profits Over $10 Million [Copy]
