A whale moves € 1 billion in Bitcoin for € 75 of fees

Credit: Kevin O'Leary – Pixabay

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1 On Tuesday, a whale transferred 124,946 bitcoins, or almost 1 billion euros, for 0.0096 BTC (~ 75 euros) fees.

On Tuesday, a whale transferred 124,946 bitcoins, or almost 1 billion euros, for 0.0096 BTC (~ 75 euros) fees.

On Twitter, crypto-analysis Rhythm reported that one whale – a person holding a large amount of bitcoins – had moved 124 946 BTC.

“124,946 bitcoins have just been transferred during a transaction. This is approximately $ 1,100,000,000 transferred for an amount of $ 80 fees. No government, bank or third party had to verify the transaction, nor could it have stopped it. The real power of Bitcoin, ” did he tweet.

According to a surfer, quoted by TheNextWeb, It's about a Bitcoin address belonging to the popular American cryptocurrency exchange Bitfinex. Bitcoins would not belong to a single person.

Yes Bitcoin isn’t suitable for everyday payments today, it’s probably one of the cheapest ways to transfer large amounts of money. Especially since operations do not need to be approved by a third party.

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Twitter account Whale alert identifies the largest cryptocurrency transactions every day. Last November, he notably detected a transfer of 44,000 BTC (€ 277M at the time) which cost the issuer only € 0.30 in fees.