An Anonymous Person or Group Moved Bitcoin Worth $2 Billion Immediately It Crossed $29,000 Per Coin

Certain Bitcoin (BTC) investor has decided to celebrate the New Year with $2 billion immediately the world’s most capitalised cryptocurrency asset crossed $29,000 per coin.

The anonymous person or group moved 82,510 BTC valued at $2 billion from a wallet designated as block 663,976, according to a Bitcoin Block Bot that reports large transfer referred to as Whale Transfer.

Bitcoin gained 24.79 percent in the last 24 hours to N13.759 million or US$29,376.61 per coin.

In 2020, the world’s most dominant cryptocurrency grew by over 224 percent, the highest in the world.

The unusual gain in spite of COVID-19, growing economic uncertainty and risk has forced many institutional investors to start dumping billions into the unregulated digital market.

Presently, the United States Securities and Exchange Commission (SEC) has sued Ripple, the third most capitalised cryptocurrency that has sold over 45 billion coins with $10.807 billion market capitalisation. Ripple dropped to the fourth position after several exchanges delisted the embattled coin from their platforms.

“While a growing institutional presence has been part of the narrative of the current bull run, we may see increased retail interest in Bitcoin as a form of digital gold,” stated Paolo Ardoino, chief technology officer of crypto exchange Bitfinex.

However, regulation and the possibility of policymakers going after cryptocurrency investors, especially to curb tax fraud and inter-border-money laundering, remain a concern for investors in 2021.