Rare physical bitcoin worth $1.78 million gets cashed in after 12 years

A rare physical bitcoin, valued at $1.78 million, has been cashed in after being held for 12 years. This unique coin, known as a Casascius bitcoin, was created in 2011 and is one of only a limited number in existence, making it a coveted collector's item. The coin's owner, who had stored it securely, decided to convert it into cash, highlighting the growing interest and value in physical representations of cryptocurrency. This transaction not only marks a significant moment for the owner but also underscores the evolving landscape of digital currency and its tangible forms.