A cryptocurrency whale has moved a mind-boggling $1.1 billion price of Bitcoin for a measly $83 community charge.

The transaction, which occurred on January 14, noticed the whale move 124,946.6 BTC in trade for a 0.0096 BTC charge.

124,946 bitcoin had been simply moved in a transaction.

That’s ~$1,100,000,000 transfered for an $80 charge.

No authorities, financial institution or third get together needed to confirm the transaction, nor may they’ve stopped it in the event that they wished to.

The true energy of bitcoin. 🔥

— Rhythm (@Rhythmtrader) January 14, 2020

Though it’s unattainable to know why the cryptocurrency was moved, one Reddit user claims it got here from a Bitfinex chilly storage tackle. So, it may simply be that the cryptocurrency trade is shuffling funds.

It’s not the primary time {that a} transaction of this magnitude has taken place, however such strikes are not often seen within the market.

Again in September, Laborious Fork reported that one other cryptocurrency whale had moved 94,504 BTC (on the time price over one billion {dollars}), paying the equal of $700 in Bitcoin BTC community charges.

Previous to that, one notorious participant named Loaded paid simply $3.93 to ship $212 million price of Bitcoin. Two months later, one other (still-unknown) particular person initiated a number of $450 million transactions for simply $400 a bit.

Though Bitcoin is but to make the large time, I’m sure hardcore cryptocurrency lovers will have fun the truth that such an enormous quantity might be moved with out third-party intervention, and at a comparatively low value.

Let’s face it, this can be a large finger as much as the banks!

Revealed January 15, 2020 — 13:27 UTC

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