Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021 – Bitcoin News

Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021

In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from 2010 were spent. Alongside this, on March 10, 2022, an entity moved 489.091 bitcoin that sat dormant in a wallet since 2010. In April 2022, five block rewards from 2009 were spent as well and they were the first 2009 blocks spent since 2020.

The Bitcoin network continues to see robust activity, with the increased use of DeFi protocols further strengthening the crypto ecosystem. Hodling is a valuable strategy to long-term success in crypto!

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