# I Lost Bitcoin in a Hack and Did Not Know for Weeks - The $14 Billion Wealth Trap Most Bitcoin Holders Are Still Walking Into Right Now (Bit Coin, Wealth & Investing)

Page: https://stenobird.com/podcast/should-i-invest-in-bitcoin-grow-your-wealth-understand-the-cryptocurrency-bit-coin-for-millennials-serious-about-money-and-investing-6616963/most-people-store-their-bitcoin-wrong-and-one-mistake-could-cost-you-everything-bit-coin-wealth-investing
Text version: https://stenobird.com/podcast/should-i-invest-in-bitcoin-grow-your-wealth-understand-the-cryptocurrency-bit-coin-for-millennials-serious-about-money-and-investing-6616963/most-people-store-their-bitcoin-wrong-and-one-mistake-could-cost-you-everything-bit-coin-wealth-investing.md
Podcast: [Should I Invest in Bitcoin?   Grow Your Wealth & Understand the Cryptocurrency Bit Coin, for Millennials Serious About Money and Investing](https://stenobird.com/podcast/should-i-invest-in-bitcoin-grow-your-wealth-understand-the-cryptocurrency-bit-coin-for-millennials-serious-about-money-and-investing-6616963)
Published: 2026-05-25T05:00:00+00:00
Episode link: https://www.buzzsprout.com/2249636/episodes/19194655-i-lost-bitcoin-in-a-hack-and-did-not-know-for-weeks-the-14-billion-wealth-trap-most-bitcoin-holders-are-still-walking-into-right-now-bit-coin-wealth-investing.mp3
Audio file: https://www.buzzsprout.com/2249636/episodes/19194655-i-lost-bitcoin-in-a-hack-and-did-not-know-for-weeks-the-14-billion-wealth-trap-most-bitcoin-holders-are-still-walking-into-right-now-bit-coin-wealth-investing.mp3
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Duration seconds: 733

## Resource

Most People Store Their Bitcoin WRONG - And One Mistake Could Cost You Everything Myles lost Bitcoin in the Mt Gox hack. He didn't even know it had happened until weeks later. The only reason he didn't lose everything was pure luck. Right now over $14 billion in cryptocurrency is locked in failed exchanges worldwide. FTX, Celsius, BlockFi, Voyager - the story is always the same. People could see their balance on an app and assumed that meant they owned it. It doesn't. This episode expla...

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