Exploring the Value of a Forgotten Bitcoin Wallet
- A plastic bitcoin wallet was received as a gimmick at a conference.
- The wallet contained one bitcoin, moved to the address over nine years ago.
- Bitcoin’s value at that time was just over $325.
- The private key on the card required a passphrase for decryption.
- Current value of the bitcoin is approximately $100,000.
The family friend’s forgotten bitcoin wallet, initially valued at just over $325, has appreciated to about $100,000 after nine years. The wallet’s security relied on an obscured BIP38 private key requiring a passphrase for access.
