268
Sleeping beauty bitcoin wallets wake up after 14 years to the tune of $2 billion
(www.morningstar.com)
this post was submitted on 05 Jul 2025
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This is correct for a given transaction, but there's no consensus needed to open a Bitcoin wallet. That is usually just a private key in an encrypted envelope.
Got it, thanks for that distinction. It’s been years since I last looked into this stuff. Makes sense for a dormant wallet.
If a wallet is not dormant in this scenario, then active users could just migrate their wallet to another wallet and then they’ll be good to go.