Someone just sent $1.15B in Bitcoin

for a transaction fee of $3.54. Single tweet, nice thread, read it for as long as it goes on.

BREAKING NEWS: The biggest #Bitcoin transaction in history was sent literally just now!

88,857 $BTC worth $1,15 billion!

The ridiculously low fee was $3,54https://t.co/fhkyvqcB9W

— The Moon 🌙 (@TheMoonCarl) October 26, 2020

The Blockchain data for this transaction can be viewed here. Notice the actual transaction was about $500M, the remainder went to a change address.

Comment: how can incumbents compete? THEY CAN’T, so I fully predict a regulatory onslaught which will attempt to force hodlers into “approved” Cryptocurrencies.