An early Bitcoin investor opened a physical Bitcoin gold bar after 13 years and unlocked 100 bitcoins, earning over $10 million in profits

BlockBeats news, on July 12th, according to Coindesk, with Bitcoin hitting new highs in recent days, early Bitcoin investor and BitcoinTalk forum user "JohnGalt" successfully cashed out his Casascius physical Bitcoin gold bars that he had collected for 13 years, retrieved 100 Bitcoin private keys stored in them, and earned about $10 million in profits. John Galt stated that he initially bought this gold bar for $500 in 2012, when Bitcoin was only about $5 per coin and almost no one was interested. In his post, he admitted that he had tried to sell gold bars multiple times over the years, even considering selling them through auctions. However, due to valuation disputes and trust issues during the process, he was unable to successfully close the deal. Now that Bitcoin has surpassed $100000, John Galt feels that holding physical assets worth "eight figure dollars" is too risky, which is why he has decided to withdraw these 100 bitcoins. It is worth noting that due to the same private key mechanism used by BCH and Bitcoin, some sharp eyed netizens quickly withdrew $40000 worth of BCH based on the private key in the photo before JohnGalt extracted BCH, and the entire process only took 9 minutes.