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One reason Kevin Durant is holding onto his bitcoin: He can’t get into his Coinbase account

1. Kevin Durant's Bitcoin investment remains inaccessible due to lost credentials. 2. Bitcoin has surged 36,000% since Durant's initial investment around 2015. 3. Coinbase aids in account recovery, but the process can be tedious. 4. Durant's locked Bitcoin story highlights significant losses in the crypto space. 5. Estimates suggest 25% of mined Bitcoin has been lost.

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FAQ

Why Neutral?

While the story doesn't influence market sentiment directly, it highlights the volatile nature of user access and management in crypto, reminiscent of factors that cause BTCUSD price fluctuations.

How important is it?

The article sheds light on user access issues and potential lost assets in crypto, which may induce temporary caution among investors.

Why Short Term?

The article's relevance may fade quickly as it’s largely anecdotal; therefore, any potential price impact will likely be short-lived.

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