In 2012, a Bitcoin account with 900 Bitcoins became dormant. That investment is now worth around Rs 242 crore. The power of holding is demonstrated in this mysterious account.
In the last nine years, the investment in this mysterious account has increased by a whopping 2000%. This is the most important investment advice most people require. You are more likely to get returns if you have faith in your investments, do not panic, and stay invested for a long time. This is true not only for the cryptocurrency market but for any investment.
It’s still unclear whether the account’s owner reactivated it or if it was accessed by someone else. However, it emphasizes the importance of holding on to your investment for the long run.
One Bitcoin was worth more than Rs 26 lakh at the time of writing. This is despite the fact that sales have been declining for the past month.
While cryptocurrencies continue to grow in popularity, questions have been raised about their energy consumption and potential environmental impact. Following blackouts in various parts of the world, Iran recently banned Bitcoin mining for four months.
