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A comment on Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B. Parent comment

Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by ahazred8ta on Saturday July 05, 2025 @02:01PM (#44474403)
It's the miners who are hemorrhaging hard currency. It's currently costing $8-10 billion per year to keep the BTC blockchain alive, but blockchain fees are paid when transacting, not when HODLing, so it's not a storage cost.
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Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by LikesPwsh on Sunday July 06, 2025 @07:56AM (#44479943)
Miners get paid in BTC but have costs in money.

They have to sell, so the money is coming from buyers and impacts holders via reduced demand.

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