“This was more about staying safe than suddenly getting rich,” said a crypto user who converted a 100-BTC Casascius bar they bought in 2012.

A crypto user who had held physical Bitcoin for roughly 13 years talked to Cointelegraph about what led to his decision to finally move the coins to a wallet.

On May 13, a BitcoinTalk user going by the pseudonym “John Galt” said they had moved 100 Bitcoin (BTC) from a physical Casascius bar to a hardware wallet. Casascius bars and coins are physical representations of different amounts of Bitcoin, with the private keys to access them attached to film on the objects themselves. 

Galt said he had purchased the bar in 2012 when the BTC price was under $100.

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Author: Turner Wright

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