To date, more than 400 houses in the world-famous resort of Malibu are reliably known to have burned down. Here were the houses of not only popular Hollywood actors, but also politicians of the highest rank. According to some information, more than 10 thousand bitcoins could have been in the house of the son of the American president Hunter alone. Hollywood stars such as Mel Gibson, who got into a high-profile scandal with bitcoins in 2023, could have kept a significant number of these coins at home.
Of course, some amount of bitcoins may be recovered later. But not all Hollywood stars kept 12 secret phrases and the bitcoins themselves in separate houses. Most likely, their cold wallets and secret phrases were not just in the same house, but possibly in the same room. If the cold wallet was kept in a safe and nothing happened to it, then the 12 secret phrases were written down somewhere in the house. After such a fire, they are destroyed irretrievably, and with them access to bitcoins.
According to psychologists, this is how people most often save keys to valuable things. The things themselves are securely locked away, and the keys to them are almost in plain sight. Therefore,
we can safely say that the market has lost at least 100 thousand bitcoins.
10 billion dollars is exactly the amount of cryptocurrency that burned down in Malibu this month. This figure is much more than the cost of all these expensive houses of Hollywood stars and politicians. We have only seen the tip of the iceberg.