Kevin Durant Bought Bitcoin in 2015 but Lost Access to Wallet
Kevin Durant, after a humorous revelation about forgetting his Coinbase account password, successfully regains access to his cryptocurrency holdings, highlighting his long-standing involvement in the digital asset space.
BTC
Summary
Kevin Durant, with his business partner Rich Kleiman, has regained access to his Coinbase account, resolving an issue where he had forgotten his password. Durant, who first bought Bitcoin in 2016, has been a prominent advocate for cryptocurrency. His Bitcoin holdings, which were acquired when Bitcoin traded at around $600, have significantly appreciated in value to over $117,000 each.
Terms & Concepts
- Bitcoin: A decentralized digital currency that operates without a central authority, enabling peer-to-peer transactions on a blockchain network.
- Coinbase: A U.S.-based cryptocurrency exchange platform that allows users to buy, sell, and store digital assets like Bitcoin.