NBA Star Kevin Durant Forgot His Coinbase Password—And Bitcoin Soared 11,000%

Core Insights - Kevin Durant's experience with Bitcoin highlights the unexpected benefits of being locked out of his Coinbase account, resulting in a "forced holding" of his investments [4][6] - Durant's initial investment in Bitcoin began in 2016 when prices ranged from $360 to $1,000, and the current price is approximately $116,000, marking an increase of over 11,000% [2] Company and Industry Summary - Coinbase Global, Inc. is the platform where Durant holds his Bitcoin, and it has been noted that customers can reset their passwords using built-in tools and access support for recovery issues [5] - Durant and his business partner, Rich Kleiman, maintain a positive relationship with Coinbase, having partnered with the company through their firm, Thirty Five Ventures, in 2021 [5]