Bitcoin billionaire drowns while swimming, leaving $2 billion crypto fortune in limbo

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Mircea Popescu, dubbed ‘the daddy of bitcoin toxicity’, has out of the blue died, leaving behind a large crypto fortune estimated to price over $2 billion.

The sudden demise of 41-year-old Romanian billionaire has left cryptocurrency consultants speculating his crypto fortune may very well be misplaced eternally.

Popescu drowned on Monday off the coast of Costa Rica close to Playa Hermosa after going for a morning swim, in keeping with local news reports.

The billionaire was reportedly “swept away by the current and died on the spot.”

Photo: Teletica.com

There has up to now been no phrase on who has entry to Popescu’s digital belongings, believed to be a number of the largest in the world, fueling rumors that the fortune may very well be gone eternally.

Bitcoin is saved on software program referred to as digital pockets and is encrypted. To entry the bitcoin pockets tackle, one wants a password which solely the proprietor is aware of, until they share it with another person.

There are rumors that Popescu’s household doesn’t have entry to his digital belongings.

Alexander Marder, a analysis analyst for Crypto Briefing stated on Twitter that with out that entry, the cash may very well be off the market.

“It looks like that with the deaths of Mircea Popescu and John McAfee a significant amount of $BTC might be lost forever. RIP” he tweeted. BTC refers to Bitcoin.

Software big McAffee was found dead in his jail cell close to Barcelona in an obvious suicide final week. He was additionally believed to have a big fortune in the cryptocurrency.

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Popescu’s demise has since been confirmed by three girls who were reportedly known to be near him. But some persons are nonetheless in shock, with questions over whether or not Popescu is definitely useless.

His website, which he beforehand actively maintained, has not been up to date since June 23, the day of his reported demise.

Popescu, identified to be  an early adopter of Bitcoin,  was a prolific blogger, although his use of hateful language undermined lots of his technical arguments defending and advocating bitcoin and its technological underpinnings, the Independent reported.

“Bitcoin is fate. It operates completely outside of any human agency. For all you know about [bitcoin creator Satoshi] Nakamoto, bitcoin might as well have created itself,” he wrote in one in every of his posts.

“Bitcoin can kill all your friends, and all the people you respect… It can poop in your drink and rape your pets… If lightning strikes where you sit, whether you feel a warm cosy sort of love or the most burning hatred imaginable is strictly irrelevant – electricity stays.”

In one other of his essays, he outlined the roles he believed girls have been suited to in society.

One of them, he wrote, could be to eulogize males, Yahoo Finance reported.

Popescu, from Romania, was a polarizing determine in the cryptocurrency house, typically expressing views on-line that critics thought to be sexist and racist. Photo: Daily Mail

Anthony Pompliano, founding father of Pomp Investments and famous Bitcoin bull, stated in a since-deleted tweet that the lack of Popescu’s holdings may gain advantage different present holders of the crypto.

“Mircea Popescu, a Bitcoin OG, has passed away. He likely owned quite a bit of bitcoin,” Pompliano said on June 27 in the since-deleted tweet. “We may never know how much or if they are lost forever, but reminds me [of what] Satoshi said: ‘Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.’”

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Many folks in the crypto world have continued to mourn the demise of Popescu, one of many earliest and largest holders of Bitcoin.

“Mircea will endure as one of bitcoin’s most vilified figures and inarguably one of its greatest philosophers,” Pete Rizzo, the previous CoinDesk editor-in-chief tweeted.

Popescu, a controversial determine with “documented instances of sexism and bigotry,” according to Nasdaq.com, was estimated to hold at the very least tens of 1000’s of Bitcoins, with some estimating even bigger holdings.

He began MPex, a ‘Bitcoin securities trade’ in 2012 – one of many early venues for Bitcoin IPOs. The SEC investigated the outfit in 2014, in keeping with Coindesk. It does not seem something got here of the investigation.

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