Original Article Title: "The Birth of "Physical BTC", a 13-Year 20,000x Investment Miracle"

Original Article Author: Wenser, Odaily Planet Daily

The crypto world has never lacked investment miracles, especially on the "one true god" - BTC, where countless wealth creation stories have played out on early BTC holders. The BTC, known as the "digital gold," has gradually risen to a price level equivalent to one kilogram of gold.

What is quite legendary is that in May of this year, a Bitcoin forum user named John Galt claimed to have spent $500 in 2012 to purchase a "physical BTC" resembling a gold bar, carrying 100 BTC assets on it, and successfully exchanged it for $10 million this May. Many onlookers initially thought this was another "physical BTC joke," but upon careful verification, many realized it was indeed true.

Odaily Planet Daily will tell the story of this 13-year, 20,000x investment miracle in this article.

A 13-Year 20,000x Investment Miracle Unveiled by a Forum Post

In May of this year, a post on the Bitcoin forum bitcointalk titled "A Sad Day for a Bitcoin Physical Collector" sparked a frenzy of forum users gathering to view.

John Galt posted saying — Yes, do you remember when I mentioned before that I have a Casascius Bitcoin bar? Yes, that's the 100 BTC one, which I got around 2012 for about $500. A few years ago when the Bitcoin price exceeded $10,000, I started to feel very nervous. I mean, holding something worth over a million dollars? That pressure was too much. But I didn't want to cash it out. To me, an unredeemed physical Bitcoin felt more valuable than the money itself. I did try to sell it a few times, but it's hard to sell something so valuable, and you really can't trust anyone. I also considered auctions, but the value I would get would be far below the value of Bitcoin itself. Now its value has exceeded one million and one thousand dollars, and I know I can't just leave it there. So, yes... though I was a bit uncertain, I finally redeemed it today. Transaction hash link: https://mempool.space/tx/118d50e57eedbdc37e55edd176b49fb561d2df45d16ac7aabb1365b66d100d43. Sorry.

Between words, full of Bitcoin faithful fans' helplessness in choosing between BTC and immense wealth, there is a sense of guilt and lamentation. But when faced with a purely symbolic "physical gold bar" and $10 million, I believe ordinary people can make a more appropriate choice.

From this point on, an investment miracle that has been dormant for 13 years has finally been officially revealed to the world. Such a miracle, in the increasingly solidified traditional financial field, can only be possessed by holding BTC. 13 years, $500, $10 million—these three numbers together constitute this "crypto wonder."

Casascius Physical Bitcoins: The Short-lived Attempt of "Physical BTC," a Crazy Wealth Creation Phenomenon

It is understood that the Casascius physical Bitcoins mentioned by the user named John Galt on the Bitcoin forum bitcointalk are indeed real. This project was issued by Bitcoin early evangelist Mike Caldwell in 2011, packaging the private key of Bitcoin in a physical sticker sealed in a coin or bar. These "physical Bitcoins" were once popular but due to regulatory pressure, the Casascius company ceased production of real Bitcoin private key embeds in 2013. Now, these "physical BTC" are more like rare collectibles with historical significance in the river of encryption over a decade.

Physical BTC Physical Image

According to data from the casasciustracker.com website, as of May this year, this former "reverse RWA encryption project" has redeemed approximately 10,000 Casascius coins, with over 18,000 still in a dormant state.

One "physical BTC" coin or bar is worth $10 million

It can be said that whoever spent $500 to purchase one "physical BTC" (whether a coin or a bar) back then, and held onto it until now, would receive a return of approximately $10 million. Such wealth remains undiscovered by nearly 18,000 millionaires or has long disappeared into the annals of history, much like the British programmer who lost the hard drive containing the private keys to 7,500 Bitcoins.

By the way, Mike Caldwell is also an active user on the Bitcoin forum, with the username Casascius, which means "frank" or "outspoken." Additionally, he is an explorer who, back in 2013, buried a Bitcoin paper wallet when he reached the North Pole, symbolically taking Bitcoin to the ends of the Earth.

Furthermore, when John Galt revealed that he held 100 BTC and had already redeemed the corresponding assets, some users on the Bitcoin forum quickly took advantage of his abandoned private key to "steal" the BCH tokens associated with the early BTC holding address, valued at over $40,000. After being alerted by others, John Galt realized he was a step behind, but he remained surprisingly calm in his response. After all, receiving $10 million is more than satisfying compared to $40,000.

John Galt Remains Calm

Moreover, according to the crypto KOL @0x Todd's traceability investigation, these so-called "physical BTC" coins or gold bars are highly likely to be alloyed with gold plating and are not made of pure physical gold.

Source: 0x Todd

Finally, overall, this is a motivational story about rewarding the "BTC diamond hands," a wealth miracle with a return on investment of over 20,000 times. The protagonist remains the same, the BTC created by the mysterious Satoshi Nakamoto, honored as "digital gold," with a total capped supply of only 21 million coins.

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