Bitcoin Whale Mircea Popescu Passes: What Happens To His $1B in BTC?

The famous Mircea Popescu is allegedly dead. It’s reported that, besides Satoshi Nakamoto, he was the only bitcoin millionaire. He began that report. Where are those coins and what will happen to them?

The news of his death arrived by means of report from Costa Rica, his country of house. This post says, “A 41 years of age foreign national passed away by drowning at Playa Hermosa de Garabito, Puntarenas, on Wednesday early morning. The Organismo de Investigación Judicial (OIJ) verified the identity of the male as Mircea Popescu, of Polish origin.“

Associated Reading|El Salvador And Bitcoin: Jack Mallers Reveals The Inside Scoop

Although he’s actually Romanian, the whole Bitcoin community assumes it’s him and is currently mourning Popescu. He was a staple in the early days of the leading cryptocurrency and it’s recognized as “the daddy of harmful maximalism.” As you’re probably thinking, he was a controversial figure. Bitcoin.com informs:

Mircea Popescu, a Romanian national and noted Bitcoin maximalist who guaranteed to dump over one million bitcoins if block sizes were changed, allegedly drowned off the coast of Costa Rica on June 23rd. Confirmation of his death has been scant, with outlets originally reporting that a Polish nationwide had drowned.

However, did he really own one million coins? And if he did, what takes place to them now? Did we lose them forever? Or are they going to eventually hit the marketplace, driving the price downwards? Let’s search for ideas in the information we have about the person in question.

The polarizing Mircea Popescu

This man was the first and most severe Bitcoin maximalist. In 2011, he founded MPEx, an ancient “exchange where stocks, bonds, choices and other types of securities are traded.” It was controversial, to say the least. A pseudonymous Bitcointalk online forum user described it as, “It is my task to post here. This exchange is run by a dubious Romanian character, who is a content stealer, spammer, wannabe porn website owner, called Mircea Popescu.”

As his Bitcoin Magazine profile suggests, he really was that “collorful”:

Popescu would gain prestige for being amongst the first to combat frauds in public, emerging as a vocal critic of Ripple (the company that introduced XRP) as well as Bitcoin Savings & & Trust, which was later exposed to have been a pyramid plan.

The behaviors, then a novelty, would win him an early following and set the tone for what would end up being Popescu’s signature– an aggressive brand name of unapologetic Bitcoin evangelism that made his influence enduring despite recorded circumstances of sexism, bigotry and anti-semitism.

In his Trilema blog, he knocked fraudsters and teased the SEC. The most questionable aspects of his personality likewise made an appearance, know that prior to you browse it.

All of his other ideas aside, Mircea Popescu comprehended the value of Bitcoin early. He knew that something this significant for humanity is something worth safeguarding at all costs. His techniques live on in today’s laser-eyed cyber hornets, the Bitcoin maximalist.

BTC rate chart on Gemini|Source: BTC/USDT on TradingView.com Yeah, yeah, may he rest in peace and all, however … What Will Happen With Popescu's BTC? Simply a few days ago, Popescu was boasting online about being the only Bitcoin millionaire. A proposal that, simply to be clear, many people do not believe. 

 And the main report online is that his family can't access his

Bitcoin addresses which the world lost that BTC forever. It appears like that with the deaths of Mircea Popescu and John McAfee a considerable amount of$ BTC may be lost permanently 
. RIP https://t.co/8KGPows3Kh-- Alexander Mardar(@amardar1)June 28, 2021< script async src="https://platform.twitter.com/widgets.js"charset="utf-8"> Of course, that's just a report. He was an
informed Bitcoiner and probably had a strategy. Nonetheless, death showed up suddenly. Maybe he didn't have a strategy. The Costa Rican paper continues,"The event happened about 8:30 am when Popescuwent swimming in the Tramonto sector, was dragged by the existing, and died there."Why would you presume mircea popescu didn't have a plan for his Bitcoin?-- I'm Your Hodlberry(@hodlberry)June 27, 2021

 And, perhaps showing insensitiveness, the focus

of the neighborhood is now Popescu's extreme Bitcoin stash. If he undoubtedly had 1M BTC, and those coins arrive at the marketplace, the price will tank. If, on the contrary, humankind lost those coins forever, then each and every bitcoin around is now worth a lot more. Associated Reading|Andreessen Horowitz Announces Launch of$ 1B Cryptocurrency
Fund Mircea Popescu Quotes, Via Twitter To finish this hommage off, let's let the man speak through these quotes: Mircea

Popescu passed away recently. He was a thoroughly unlikeable individual, who taught me so much about Bitcoin. I believe the thing that will stick to me is his


insistence that noobs lurk for 6 months prior to saying anything. We 'd have more powerful communities if this was a tradition.-- Riccardo Spagni(@fluffypony) June 27, 2021 "Bitcoin is fate. It operates totally beyond any human
— firm. For all you know about who Nakamoto was … Bitcoin might too have actually produced itself. The way fate works is quite simple: do the ideal thing and you ' re part of it. Do the incorrect thing and you ' re in the dark."-- RIZZO (@pete_rizzo_)June 27", 2021" Mediocrity is not an absence of intelligence.Mediocrity is intelligence completely devoted to self-preservation.
"Rip Mircea Popescu pic.twitter.com/oYRTiboVvn-- Remus (@ 7_remus )June 27, 2021"#Bitcoin is a far reaching development


"with impacts unknown and unknowable.
It is completely probable that its impacts will conflict with all currently developed human conventions."Mircea Popescu-- ISSAM SATOSHI
— (@issamsatoshi) June 27, 2021"[ Bitcoin makes] Male, the ready contributor to the wealth of an undoubtedly much lowered … lovable and huggable adorable little state.I ' m sobbing with pleasure over here, my toes are curling in untold glee. For the very first time


" in many years I feel once again like the world is worth living in. "-- RIZZO(@pete_rizzo_ )June 27, 2021 Featured Image by Mike Doherty on Unsplash- Charts by TradingView
                

                    

                                        
        


            

                
            
            

                

                    Barry Bailey
                

                
                

                                    
                

                    

                        See author's posts