Bitcoin has emerged as one of the popular, potential sources of investment not only at a digital platform but in an offline market, it has managed to take a position of its success. In general, two types of investments are seen. One is a normal direct investment that has nothing to do with the source and sink of the funds and on the other hand, another one is in the form of donations. The donations in this present world have become a very good approach both for society and for the being itself.
One of the popular peer-to-peer files-sharing platforms is known by the name of The Pirate Bay (TPB). For many years it has become a popular spot for handling not only bitcoin but another form of cryptos as well.
Being one of the popular spots of transaction making not only in Bitcoin, but people also make transactions in the form of Ethereum, Monero, Matic, and many more.
Torrent freak, one of the leading in the field of torrents, made a report that claimed that the site of TPB is in a constant process of receiving the flow of bitcoins. According to its study, if the add up is calculated from the year 2013 it will sum around $10 every day.
Not only this, TPB was one of the first platforms that started receiving payments in the form of crypto mostly Bitcoins because at that time only Bitcoin was famous and people were busy looting its reserves.
Apart from sharing the general files like music, videos and other stuff the Pirate Bay managed to go with the flow of Bitcoins.
At some peak the value of BTC that it started receiving claimed to be as high as 5 BTC. the value stumbled when the reserves fell to the hands of more people.
At present, it is confirmed that the platform holds $145.77 in Bitcoin or 0.002 BTC.
Not only this, Torrent freak makes a claim stating that TPB is sitting on a pile of unearthed BTC making it one of the most influential digital platforms. The transactions related to bitcoin led to its resistance towards censorship.
The data provided by Torrent freak states that The Pirate Bay received over 126.64 Bitcoin in the form of donations. In 2016, around 9 BTC was again received with 1 BTC continuously in the stream until the mega year of 2017 for bitcoin.
To add up the statements of the report the pirate bay may have millions of reserves in the form of bitcoin donations and other crypto assets making around a donation of about $1500 every day since it all started.
The credit for all this donation process goes to those people who started the process and believed in developing a particular platform from the newly created assets in the form of bitcoins.
It is believed that the platform of the pirate bay could be shut down if it does not have that much reserve in its wallet. Not only this can be assumed from the fact that one of the sites related to sex workers like Only Fans is suffering and people and authorities are trying for its ban.
TPB was launched by the pirate bay to efficiently receive donations when a surge was seen in the market.
Though the token is new, the pace it is going to gain is not going to be slow. It will emerge as strong as other tokens in the market and God knows if it could swipe right to the world of gains and benefit the society.