Casascius bar owner gets less physical, moves BTC to wallet after 13 years

"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 

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

“Back then I thought Casascius coins were cool and maybe the future,” he told Cointelegraph. “I figured if Bitcoin ever got big these coins would be part of history so I started collecting.”