NBA superstar Kevin Durant (Kevin Durant) has been unable to access his Bitcoin purchased in 2016 for years due to not being able to find his Coinbase account password. Now, the price of Bitcoin has skyrocketed over 11,000%, and his agent Rich Kleiman candidly stated that this “user error” has actually allowed them to profit greatly since they have never sold. Rich Kleiman also revealed that Kevin Durant is actually an investor in Coinbase Global, having started a partnership as early as 2021.
Kevin Durant listened to his teammates discussing Bitcoin in 2016.
Kevin Durant's agent Rich Kleiman stated that Kevin Durant first entered the investment scene in 2016 when he was with the Golden State Warriors and attended a dinner where he heard his teammates discussing Bitcoin repeatedly. Kleiman recalled, “That night I probably heard the word 'Bitcoin' 25 times, and the next day we started investing.”
In 2016, the price of Bitcoin was only between 360 and 1,000 USD, and now it has approached 118,000 USD. Although Kleiman did not disclose the amount Durant invested that year, the increase has exceeded 11,000%.
The key to not selling lies in Kevin Durant forgetting his account password, and over the years he has never been able to recover Durant's Coinbase account, which is why he has never sold Bitcoin. Rich Kleiman jokingly said that the predicament Durant encountered turned out to be a good thing.
Kevin Durant is also a shareholder of Coinbase.
However, Rich Kleiman also stated: “We have directly worked with the Coinbase team to assist in recovering Durant's account, so I dared to make a joke about this matter on stage.”
In fact, Rich Kleiman and Kevin Durant are both investors in Coinbase Global, and their company, Thirty Five Ventures, signed a multi-year partnership agreement with Coinbase as early as 2021.
This article discusses NBA superstar Durant unable to find his Coinbase account password, while the Bitcoin he invested in 2016 skyrocketed by 11000%. It first appeared on Chain News ABMedia.
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