NBA star Kevin Durant recently regained access to his Bitcoin account after nearly a decade. The update came from Coinbase CEO, Brian Armstrong, who celebrated the successful account recovery in a post on X.
Durant shared his crypto journey at the Gameplan Summit, revealing that he got interested in Bitcoin around 2014 or 2015. He first learned about it through YouTube and encouraged his agent, Rich Kleiman, to investigate. Initially, their business manager wasn’t on board, but after hearing buzz about Bitcoin at a party, they decided to invest the very next day.
“Fortunately, we couldn’t access his Coinbase account, so we’ve never sold anything, and his Bitcoin is just through the roof,” Kleiman mentioned. Losing access to a Coinbase account, often due to lost passwords or insufficient recovery details, can be a frustrating experience for many users.
Durant and Kleiman, early investors in Coinbase, haven’t disclosed how much Bitcoin they purchased initially. In 2016, Bitcoin prices fluctuated between $400 and $1,000. As of now, the price has soared over 11,470%, reaching approximately $115,480.
Despite Durant’s happy ending, many users still struggle with recovery. A user on X reported being locked out for years, expressing frustration with Coinbase’s customer service.
Armstrong responded to these concerns by sharing updates from their customer support team, emphasizing improvements to make support more efficient. They aim to enhance the platform so fewer people will need assistance and to provide a quicker, higher-quality experience for those who do.
With Bitcoin constantly evolving, users are keen to see how Coinbase adapts to challenges. Keeping informed about these developments remains important in the fast-paced world of cryptocurrency. For more insights, check out reports from trusted sources like CoinGecko.
