Rumor: California wildfires destroyed millions of bitcoins. California wildfires destroyed the world's richest community. Rapid fires caused the rich to not have time to take away cold wallets and mnemonics. According to incomplete statistics, at least 1.5 million BTC are locked in addresses forever due to the loss of private keys.

This news is a rumor. If it is true, it is good news. Bitcoin has deflated by another 1.5 million. I remember talking to VC friends a few years ago about how to ensure that the BTC in the cold wallet is safe enough. They said to copy the mnemonics several times, give one to parents, and best friends. If you forget or have an accident on the plane, you can find it back. I said it is best to engrave it on a steel plate. If several houses catch fire at the same time, the steel plate will not be damaged. Although I have not engraved steel plates, at least the California wildfires reminded everyone that steel plates are still useful. The house burned down, and the steel plate engraved with mnemonics is more important than the passbook in the ruins.

😅😅😅