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Kevin Durant Multiplied His Wealth Over 100 Times by Buying Bitcoin
American basketball player Kevin Durant has multiplied his wealth more than a hundredfold after buying Bitcoin on the advice of his agent Rich Kleiman.
Durant purchased BTC on the Coinbase exchange in 2016 and literally forgot about his digital assets for nine years. In September this year, he remembered his cryptocurrency and tried to log into his account, only to realize he didn’t know the password. However, Coinbase support staff helped him regain access and explained that any client can reset their password using a special tool, with the company’s team always ready to assist.
It’s unclear exactly when Durant made his investment, but in 2016, Bitcoin’s price peaked at around $980, while today it stands at $115,197. This means Durant’s unrealized profit from the investment is at least 11,854%. The athlete, whose net worth is estimated at $300 million, has become significantly wealthier thanks to BTC.
“We’ve never sold the bitcoins [Durant bought], and their value has skyrocketed. We still don’t fully understand how this all works, but honestly, who cares when it keeps going up? It’s working in our favor. Our partnership with Coinbase has lasted nearly a decade, and the exchange has always been a valuable resource for our business growth,” said Kleiman.
