A lucky crypto user recovered the long-lost private keys that granted him access to $4 million in BTC but even with the fortune he now owns, he said that he will avoid buying “expensive luxuries” so let’s read more in our BTC news today.
According to the account from BitocoinHolderThankU, the lucky crypto user was able to cash out about $4.2 million in BTC after finding the lost keys on December 22 when the price was hitting $23,000. The crypto user wrote on Reddit:
“I spent the next week figuring out how to safely and securely liquidate such a large amount of Bitcoin for the cheapest price possible. I went back and forth between different [over-the-counter principal desks] and ultimately ended up selling all 127 Bitcoins for a price of $33,439.02 per coin minus a 0.15% fee. The net was roughly $4.24 million.”
The user claimed to have earned BTC in 2011 and 2012 through different surveys, completing random tasks, and watching videos to ultimately use the coins for purchasing in-game currency for the game DarkOrbit. The private keys never actually went missing they were just forgotten in an older model of a Dell computer which means that the user hasn’t really purchased the cryptocurrency.
However, the user missed out on the $1 million additional profit by not holding it for just a few more weeks. The price of BTC passed $41,000 to reach a new all-time high. The user did however say that he would not have sold all 127 bitcoin if the same situation had played out again:
“To give myself credit, I did HODL for 8-9 years which is more than the vast majority of crypto. I definitely would’ve done things differently if I were given a second chance.”
Despite the sudden fortune, the Redditor said that no luxuries will be purchased and even intends to put the bulk of the funds into S&P500 adding:
“I don’t want to end up like one of those people who win the lottery and blow it all in a matter of months/years […] I’m going to continue living my life normally as I was on December 21st and every day before that.”
Not all stories that involve forgotten keys have a happy ending. There could be still more than $285 million in BTC that are lost somewhere in the UK after an IT worker accidentally threw his personal laptop with his keys back in 2013.
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