Early Bitcoin investors cash out gold bars from 13 years ago, making a profit of 10 million dollars.

On July 12, as Bitcoin has recently reached new highs, early Bitcoin investor and BitcoinTalk forum user "JohnGalt" successfully redeemed his 13-year collection of Casascius physical Bitcoin bars, extracting 100 Bitcoin Private Keys stored within and earning approximately 10 million dollars.

JohnGalt pointed out that he initially bought this gold bar for $500 in 2012, when Bitcoin was only about $5 each and hardly anyone was interested. In his post, he admitted that he had attempted to sell the gold bar multiple times over the years and even considered auctioning it off, but he was often unable to finalize the deal due to valuation disputes and trust issues. Now, with Bitcoin surpassing $100,000, JohnGalt feels that continuing to hold a physical asset worth "eight figures" in dollars has become too risky, which is why he decided to withdraw these 100 Bitcoins.

It is worth noting that, due to BCH using the same private key mechanism as Bitcoin, an observant netizen quickly withdrew $40,000 worth of BCH based on the private key in the photo before JohnGalt had extracted the BCH, and the entire process took only 9 minutes.