Wallet Recovery Services, a business that helps find lost digital keys, said it had gotten 70 requests a day from people who wanted help recovering their riches, three times the number of a month ago.īitcoin owners who are locked out of their wallets speak of endless days and nights of frustration as they have tried to get access to their fortunes. Of the existing 18.5 million Bitcoin, around 20 percent - currently worth around $140 billion - appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis.
They have been forced to watch, helpless, as the price has risen and fallen sharply, unable to cash in on their digital wealth. “Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”īitcoin, which has been on an extraordinary and volatile eight-month run, has made a lot of its holders very rich in a short time, even as the coronavirus pandemic has ravaged the world economy.īut the cryptocurrency’s unusual nature has also meant that many people are locked out of their Bitcoin fortunes as a result of lost or forgotten keys. “I would just lay in bed and think about it,” Mr.
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