Sep 19, 2025, 12:08 AM
Sep 19, 2025, 12:08 AM
Kevin Durant benefits from a forgotten bitcoin password
- Kevin Durant lost the password to his Coinbase account that holds significant bitcoin investments.
- His bitcoin investment, made in 2016, has seen an extraordinary surge in value, yielding an 11,000% return.
- Despite the initial challenge of access, this situation ultimately benefited Durant as he never sold during the market boom.
In the United States, NBA superstar Kevin Durant found himself in a fortunate predicament regarding his cryptocurrency investments. While playing for the Golden State Warriors in 2016, he purchased bitcoin following a dinner conversation with teammates about cryptocurrency. Unfortunately, he lost access to his Coinbase account and the password to it, leading to an inability to sell his bitcoin for several years. His agent, Rich Kleiman, confirmed that the bitcoin's value soared drastically, as the cryptocurrency market experienced remarkable growth. The initial investment, made when bitcoin was worth only a few hundred dollars, ballooned in value as the cryptocurrency surged past $117,000.
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