Coinbase(US:COIN) Feng Huang Wang·2025-09-19 03:29Group 1 - Kevin Durant and his agent Rich Kleiman discussed their experience with Bitcoin at an economic forum, highlighting the challenges of accessing their Bitcoin assets due to forgotten passwords [1][2] - Durant first encountered Bitcoin in 2015 during a birthday party organized by Ben Horowitz, leading to their initial investment in Bitcoin [1][2] - The price of Bitcoin has significantly increased from approximately $320.43 in January 2015 to over $117,000 recently, indicating substantial asset appreciation despite the inability to access the account [2] Group 2 - An estimated 175,000 Bitcoin wallets have been inactive for ten years or more, with a significant portion of mined Bitcoin believed to be lost due to early storage issues [2] - David Seimer, CEO of Wave Digital Assets, estimates that about a quarter of all mined Bitcoin is lost, primarily due to the loss of physical storage devices [2] - Coinbase has confirmed that they are in contact with Durant's team to assist in recovering the account, emphasizing that password recovery is a standard process [3][4] Group 3 - Durant's investment portfolio includes Coinbase, Postmates, and Gotham FC, showcasing his involvement in various sectors beyond sports [4] - Coinbase has been a crucial partner in the growth of Durant's business ventures over the past decade [4]