BEHOLD THE MOST EXPENSIVE ‘BITCOIN’ EVER PRODUCED

August 22, 2018

 

The Bitcoin price highs of December 2017 made many investors rich, but none more so than the four remaining owners of a 1000 BTC physical bitcoin made of gold.

 

Casascius coins, which appeared in various denominations as low as 1 BTC from 2011, have become collector’s items after regulators ended their limited issuance in November 2013.

As social media commentators noted this week, the four unredeemed 1000 BTC coins – out of a total of only six ever created – now constitute the “most valuable” coins in the world.

According to a dedicated tracking tool by internet and network engineer Melik Manukyan, the owners of two of the highest-denomination coins redeemed their balance in 2013 when Bitcoin posted its highest prices to date at the time. Last December meanwhile, when BTC/USD approached $20,000, a single 1000 BTC coin together with its gold value was worth around $20 million. Even 1 BTC denominations sold for almost $30,000. “Casascius coins will one day become the most valuable items in the world. Here is a chart showing their redeem rate and increasing scarcity. About 20% has been redeemed/destroyed so far,” 

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