Summary List Placement
With Bitcoin prices increasing by over 50% since it reached its all-time high of $20,000 last month, those locked out of their cryptocurrency wallets are becoming desperate as they calculate how much wealth they would gain if only they remembered their passwords.
Around 20% of the existing 18.5 million Bitcoin — worth a total of $140 billion – are in stranded wallets, according to the cryptocurrency data firm Chainalysis, The New York Times reported on Tuesday.
Wallet Recovery Services, a firm that helps recover lost digital keys, told the Times that it received 70 requests a day from users who are trying to access their digital wallets — a number that is three times higher than it was a month ago.
In an interview with the Times, Stefan Thomas, a programmer living in San Francisco, said that his strategies to remember his password continue to fail, leaving him with only two…