Kevin Durant's Cryptocurrency Adventure: From Password Woes to Profits

Author: Dylan Bailey Updated: 09-18-2025 12:15 PM

Kevin Durant's Crypto Journey

Kevin Durant, the renowned NBA superstar, faced a peculiar dilemma when he forgot his Coinbase Global, Inc. password. Little did he know that this mishap would turn into a financial blessing, significantly impacting his investments.

Early Beginnings with Bitcoin

Durant's fascination with cryptocurrency began during his time with the Golden State Warriors back in 2016. Inspired by discussions with teammates, he took the plunge into the world of Bitcoin trading. At that time, Bitcoin was trading at surprisingly low prices between $360 and $1,000.

Remarkable Returns

Fast forward to today, Bitcoin has seen staggering growth, trading at approximately $116,000, which is an astonishing increase of over 11,000%. This leap in value emphasizes the potential of cryptocurrency investments for savvy individuals like Durant.

Locked Out but Winning

Interestingly, Durant’s lockout from his Coinbase account has unexpectedly turned into an advantage. His team has not sold any of their Bitcoin, as they cannot access the account, allowing the investment to grow without the temptation to cash in.

Insights from Rich Kleiman

Rich Kleiman, Durant's business partner, noted during discussions at CNBC's Game Plan conference that not being able to sell the assets might be a form of "forced holding," which might ultimately benefit them in the long run.

Attempting to Regain Access

Efforts to regain access to Durant's Coinbase account have been ongoing. Kleiman shared that they have been in touch with Coinbase to rectify a user error that is causing the login issues.

Partnership with Coinbase Global

Despite the hurdles, Durant and Kleiman maintain a positive relationship with Coinbase. They are not just investors; they collaborated with them through their investment firm, Thirty Five Ventures.

Coinbase's Support

Coinbase has stated that they provide support for account recovery and encourages users to take advantage of their password reset tools. Durant's experience highlights both the importance of securing account credentials and the benefits of long-term investment strategies.

Conclusion: A Lesson in Patience

Kevin Durant's unexpected password predicament has turned into a fascinating narrative about investment patience. Without the ability to liquidate his assets, he exemplifies how sometimes delays can lead to substantial gains in the world of cryptocurrency.

Frequently Asked Questions

What happened to Kevin Durant's Coinbase password?

Kevin Durant forgot his Coinbase password, leading to challenges in accessing his Bitcoin investments.

How much has Bitcoin increased since Durant's investment?

Since Durant's initial investment, Bitcoin has skyrocketed by over 11,000%.

What is the significance of being locked out of an investment account?

Being locked out can prevent impulsive selling, potentially beneficial for long-term investments.

Who is Rich Kleiman in relation to Kevin Durant?

Rich Kleiman is Durant's longtime business partner and agent, playing a key role in his investment ventures.

What has Coinbase said about the incident?

Coinbase has provided support for recovery issues while emphasizing the importance of secure passwords.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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