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Early Bitcoin adopter and YouTuber Jeremie Davinci has taken to his X handle to share BTC wisdom with the global crypto community. Notably, his tweet came out a day after the staggering 80,000 BTC was moved from wallets that had been inactive since 2011.
Stacking Sats in times of disbelief makes you legend later: Davinci
His message talks about a pattern that can be traced through the 16 years of Bitcoin’s history when early adopters bought BTC cheaply (such as at $1 per coin in 2011, as it stated in Davinci’s bio section on X) and then saw enormous returns as years went by.
Thus, he confirmed that the strategy of accumulating Bitcoin during overall market skepticism is the only true one. Once the Bitcoin price went up rapidly, those who stacked BTC when everybody else doubted it started leading wealthy lives: “Those who stacked when nobody believed... will live like legends when everybody else regrets.”
Ancient 80,000 Bitcoin on move
On Friday, the crypto market was stirred by several mysterious Bitcoin transfers from wallets that suddenly came back to life after staying in hibernation since 2011. Each moved roughly $1 billion worth of BTC — 80,000 coins in total.
Hot discussions and debates started on the X social media platform with multiple resources reporting and commenting on those enigmatic transactions. Coinbase’s head of product, Conor Grogan, suspected that those transactions could have been made from a large OG wallet that had been compromised.
Other X users suggested that that wallet could belong to Ripple co-founder Arthur Britto and early BTC proponent, former “Bitcoin Jesus” Roger Ver. While back in 2011, 80,000 Bitcoins were bought for just $1 per coin, now they are worth more than $8 billion.
Vladislav Sopov
U.Today Editorial Team