iBankCoin
CAPS LOCK IS CRUISE CONTROL FOR AWESOME
Joined May 7, 2012
181 Blog Posts

$1 BILLION IN BTC ON THE MOVE

There is a BTC wallet that just moved ~$1 Billion USD. Here’s the address and the search results for BTC, BCH and BSV from blockchair.com:

1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx

Due to the age of this address the owner has coins on BTC, BCH and BSV.

These transactions are only a few hours old but so far the BTC and BCH have moved while the BSV is still held in place.

What does that tell you?

EDIT: the BSV has moved. https://whatsonchain.com/address/1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx

If you enjoy the content at iBankCoin, please follow us on Twitter

3 comments

  1. metalleg

    What’s the takeaway?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • CoinSpeak

      Turns out those coins were from Silk Road. They will be nearly impossible to liquidate no matter how they are mixed. I’d say there’s a low chance they get dumped as any exchange who would cash them out would likely go down for money laundering.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • CoinSpeak

        Bitcoin is honest money by design. BTC is trying to change that but for now they are still protected by the fact transactions are public.

        • 0
        • 0
        • 0 Deem this to be "Fake News"