On the earth of cryptocurrency, tales of astronomical beneficial properties and gut-wrenching losses abound. However few tales are as jaw-dropping as that of James Howells, a person from Wales who inadvertently threw away a fortune in Bitcoin — one which has grown to over $800 million as we speak.
Let’s dive into this fascinating saga of misplaced wealth, bureaucratic hurdles, and the ticking clock that would make a millionaire dream fade into the abyss.
Again in 2013, James Howells, an IT employee from Newport, Wales, mistakenly discarded a tough drive containing 8,000 Bitcoin. On the time, Bitcoin was valued at $100 per coin, placing the misplaced treasure at $800,000. Whereas devastating then, as we speak’s hovering Bitcoin costs have turned his loss into an $800 million tragedy.
So, how did it occur? In a twist of irony, it wasn’t James himself who threw away the arduous drive — it was an unintentional mistake by his ex-partner. Little did they know, that small error would turn into a legendary crypto horror story.