#Wallet Containing 430 BTC Discovered#

3421
9
Posts
Hot Topic Details

Hot Topic Overview

Overview

Coinbase Product Strategy and Business Operations Director Conor Grogan has found 430 Bitcoin linked to Silk Road founder Ross Ulbricht, which had been forgotten for 13 years and are now worth around $47 million. These Bitcoins are likely just "dust wallets" from back then, but their value has skyrocketed since. Grogan isn't sure if Ulbricht still retains the private keys to these wallets and reminded him to not forget to check for BCH airdrop rewards.

Ace Hot Topic Analysis

小 A

Analysis

Coinbase Product Strategy and Business Operations Director Conor Grogan has found 430 Bitcoin related to Silk Road founder Ross Ulbricht, spread across multiple wallets, that have been untouched for over 13 years. These Bitcoin may have been “dust wallets” back then, but now their total value is around $47 million. Grogan is unsure if Ross still retains the private keys to these wallets and reminded him to check for (BCH) airdrop rewards.

Related Currencies

Public Sentiment

100%
0%

Discussion Word Cloud

Classic Views

Ross Ulbricht may have owned 430 bitcoins worth $47 million, which were forgotten in multiple wallets during the Silk Road era, but it is not clear whether he can still find the private keys to those wallets.

1

These bitcoins may just be forgotten "dust wallets" from back then, but now they are worth a fortune. If Ross Ulbricht can find the private keys, he might be able to recover this part of his assets.

2

The Trump administration may begin to work towards establishing clearer regulations by integrating traditional finance and cryptocurrency, which will reduce costs and promote innovation.

3

Bitcoin can serve as a hedge against deficit spending and inflation, providing a safe haven for people.

4