Kevin Durant Regains Access to Bitcoin After Nearly a Decade
- Kevin Durant was locked out of his Bitcoin account on Coinbase for almost ten years.
- During this period, the price of BTC increased by over 17,700%.
- Durant purchased Bitcoin in 2016 at approximately $650 per coin, when prices ranged from $360 to $1,000.
- As of now, Bitcoin is valued near $116,000 according to CoinMarketCap data.
- Coinbase CEO Brian Armstrong confirmed the account recovery via social media.
The recovery of Durant’s account comes amid growing concerns from other Coinbase users regarding access issues and customer support challenges. Despite these frustrations, Armstrong noted that the company is focusing on improving its support services.
Durant’s Bitcoin investment has significantly appreciated over the years, reflecting a rise from around $650 to nearly $116,000 per coin since his purchase.(Source)
