Early Bitcoin investors cash out physical gold bars, making a profit of 10 million dollars.

On July 12, according to reports, 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, retrieving 100 Bitcoin Private Keys stored within, resulting in approximately 10 million dollars in profit.

JohnGalt pointed out that he initially spent 500 dollars to buy this gold bar in 2012, when Bitcoin was only about 5 dollars each and hardly anyone was interested. He admitted in the post that he had tried to sell the gold bar several times over the years, even considering auctioning it off, but often encountered issues with valuation disputes and trust problems, making it impossible to complete a transaction smoothly. Now, with Bitcoin breaking through 100,000 dollars, JohnGalt feels that continuing to hold a physical asset valued at "eight-digit dollars" has become too risky, which is why he made the decision to withdraw these 100 Bitcoins.

It is worth noting that, because BCH uses the same private key mechanism as Bitcoin, a sharp-eyed netizen quickly withdrew BCH worth $40,000 based on the private key in the photo before JohnGalt had extracted the BCH, and the entire process took only 9 minutes.