Stefan Thomas loses password to Bitcoin worth $220 million, makes ‘peace with loss’

Stefan Thomas, a man who forgot the password needed to unlock his  $220 million Bitcoin, said that he has  ‘made peace’ with the unfortunate situation.

He said that ‘time heals all wounds’, adding that in initial couple of weeks, he was ‘desperate’, and questioned his ‘self-worth’ after the loss.

“It was actually a really big milestone in my life where, like, I sort of realized how I was going to define my self-worth going forward. It wasn’t going to be about how much money I have in my bank account,” he said.

Despite Thomas’s Bitcoin wealth, he forgot his password and he has already made eight unsuccessful attempts to unlock the encryption device.

To the uninitiated, Thomas was an early investor in Bitcoin when its value was merely in single or at most in double digits. He owns 7,002 bitcoins till date, which are today valued at a massive USD 245 million (equivalent to Rs 1800 crores). Thomas had stored all his Bitcoin keys in an encryption device called IronKey…

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