Dormant Crypto Wallets Wake To Millions & EU Passes Landmark Crypto Regulation!  

The Market Merry-Go-Round Continues

Investors everywhere take note! Cryptos continue to dominate the news, meaning it’s never too late to invest and cash in! 

Federal Reserve officials backed another interest-rate increase as they monitor economic fallout from bank strains. Fresh emergency loan data showed financial stress continues to linger. 

This could be the first indication of a “higher for longer” FED when it comes to interest rates. If so, another bank fail could be on the cards and therefore another bail out, even though we saw some of the banks making really good revenue. As a result we may see investors staying clear of the banking sector for now.  

As for real estate, the health of the market came under scrutiny last week. Drops in building permits and housing starts means a further contraction in the housing market. 

However, for investors, this could mean retails, REITs and construction companies will present some good VCA opportunities.  

In the crypto space, the EU passed a landmark crypto regulation. The Markets in Crypto Assets (MiCA) bill is set to become effective in 2024 and will be the EU’s first regulation for the crypto industry. The aim of MiCA is to provide a comprehensive framework for regulating crypto assets in the EU.  

What does it mean? It means MiCA provides a clear regulatory framework for crypto assets in the EU. However, critics fear it may stifle innovation in the crypto industry which may affect investor confidence. Time will tell, which is why investors must always be diligent and do their research carefully. 

Meanwhile, those with dormant crypto wallets found all their Christmases come true when they woke to find millions of dollars sitting in their accounts! A long-dormant Ethereum wallet from 2015 was found to be worth $4.42M. At the same time an ancient Satoshi-era Bitcoin wallet that held 1,128 BTC for over a decade transferred 279 BTC worth about $7.8 million. 

The recent awakening of these long-dormant crypto wallets serves as a reminder of the potential value of early investment in cryptocurrencies. As the crypto market continues to evolve and mature, it’s possible that more dormant wallets will re-emerge and add to the growing wealth of the crypto world. 

Dennis Sahlström
Dennis Sahlström
Dennis Sahlström is the Head of Trading and Training at Investment Mastery. He has traded and invested since 2016 and has made an average of 4.53% per month since then. With cryptos, he turned £4,000 into £100,000 in less than 2 years and he is just getting started! As Marcus de Maria, the founder of Investment Mastery, helped Dennis to get started - he is now paying forward and is passionate in helping as many people as possible to trade and invest & has now helped 1000s of people on their journey to financial freedom. He is also a writer for the biggest Swedish news outlet for cryptos. He currently lives with his girlfriend in Sweden, in order to also teach trading and investing all over Scandinavia.

Popular Posts

Stay in the know
IM Insider Newsletter

Subscribe to the IM Insider and get our proven strategies sent straight to your inbox every month.


GENERAL ADVICE WARNING AND EARNINGS DISCLAIMER: Please note trading and investing involves several risks. Investment Mastery Trading Ltd will only provide you with general advice, not personal or financial advice. That means, we will not take in to account your personal objectives, financial situations or needs, even if they are known. Accordingly, the advice may not be appropriate for you. We may provide general advice regarding trade size, the level of margin needed and risk management techniques appropriate for our trading strategies.

Please understand results presented are not typical. Past results, income and percentage claims are not indicative of future returns for you. Although our clients see above average results, the average person who follows any training on trading & investing gets little to no results.

Financial instruments can go down as well as up resulting in you receiving less than you originally invested. Do not assume any recommendations, insights, charts, theories or philosophies will ensure profitable trading & investing for you. Pictures used are for example purposes only.

Please ensure you obtain professional or financial advice to ensure that trading or investing in any financial products is suitable for your circumstances, and ensure you obtain, read and understand any applicable offer document.

All testimonials on this website are real and can be found on Trust Pilot by clicking here.