CoinDesk Podcast Network Kevin Durant Recovers Coinbase Wallet With Bitcoin Bought at $650 | CoinDesk Daily
Sep 22, 2025
NBA star Kevin Durant has regained access to his Coinbase wallet after nearly a decade, discovering his bitcoin has skyrocketed in value from $650 to over $110,000. The discussion includes the implications of such a dramatic market increase, as well as the turmoil among major cryptocurrencies, which experienced $1.5 billion in liquidations. Additionally, the conversation touches on the broader themes of privacy in the evolving blockchain landscape.
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Kevin Durant Regains Coinbase Access
- Kevin Durant was locked out of his Coinbase account for nearly a decade before the exchange intervened.
- Brian Armstrong confirmed on X that account recovery was completed and Durant regained access to his bitcoin holdings.
Massive Bitcoin Appreciation Since 2016
- Durant bought bitcoin in 2016 at an estimated $650 per coin and those holdings have surged massively since.
- CoinDesk reported Bitcoin trading around $112,000, reflecting a rise of over 17,700% since his purchase.
Technical And Macro Risks For Bitcoin
- Analysts see bearish technical signals, including an indecisive doji candle at key resistance levels.
- Upcoming FedSpeak and the PCE report could drive added volatility in Bitcoin's price.