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James Howells continues his efforts to recover lost Bitcoin: Plans to buy back Newport Docks landfill
Nowadays, in the context of the continuously soaring value of Bitcoin, the story of James Howells - the man who once "lost" 7,500 Bitcoins worth hundreds of millions of dollars - is being refreshed with a bold strategy: buying back the entire landfill that he believes contains his "treasure". The beginning journey and the fateful accident James Howells, residing in Newport, South Wales, once made a move that later became a legendary story in the cryptocurrency world. In 2009, when Bitcoin was still very new and not highly valued, Howells bought a hard drive containing 7,500 Bitcoin. However, in 2013, in a regrettable incident, this hard drive was mistakenly discarded and inadvertently thrown away at the Newport Docksway landfill. Although by estimate, the amount of Bitcoin on the drive now is worth about £620 million (, equivalent to about 768 million USD), and is forecasted to surpass the 1 billion USD mark in 2026, the financial technology revolution has not saved this digital asset from the tragedy of loss due to negligence. Legal efforts and new milestones Not accepting the fate of loss, Howells once sued and requested the court to allow a search warrant in the landfill area to search for the lost hard drive. However, his lawsuit was dismissed by a judge in England. Faced with this failure, he did not stop but shifted to a new strategy: instead of demanding access rights through a search warrant, he is now aiming to buy the entire Newport Docksway landfill area. According to information from The Block, James Howells and his partners are planning to negotiate to repurchase this landfill, if the current owner opens the door to negotiation. This means he will not sell the land to the Newport City Council - a move he rejected from the start. Alternative Solutions and Faith in the Crypto Community Not stopping at the land acquisition strategy, Howells also opens up many other possibilities if the initial efforts do not yield the expected results. He said that if he cannot recover the Bitcoin through traditional channels, he will consider applying for a mining license and recovery from the Welsh Natural Resources Agency. Furthermore, in the context of the increasingly developing cryptocurrency, Howells also does not rule out the possibility of issuing utility token( or NFT as a means of raising capital or creating new legal leverage. "I am quite confident that the crypto community will support me," he affirmed, demonstrating strong belief in the power and spirit of unity of the global cryptocurrency community. Challenges from the Newport Council and the prospects for the future Another factor that adds complexity to the matter is the decision to soon close the Newport Docksway landfill. According to the BBC, the landfill is expected to stop operating around 2025-2026, when the Newport Council has applied for planning permission to convert part of the land into a solar energy farm. James Howells finds the early closure decision of the landfill quite surprising, especially as he had argued before the Supreme Court that issuing a search warrant for this area would have a significant negative impact on the Newport community. With the continuous growth of the value of Bitcoin and other cryptocurrencies, the prospect of the lost Bitcoin becoming worth well over 1 billion USD is driving Howells to continue the fight. He may pursue new legal steps, even bringing the case back to the Supreme Court if necessary. Conclusion The journey to find James Howells' lost Bitcoin is not only a story of a fortunate accident in the past, but also a symbol of trust, perseverance, and the ability to find creative solutions in the digital world. With the strategy of buying back Newport Docksway landfill, along with alternative options such as applying for an excavation permit or issuing tokens, Howells hopes to open a new chapter for the 'Lost Bitcoin' story - a story that, if successful, could completely change the landscape of cryptocurrency in the future. Can he recover the lost 'treasure' or not? Only time and the support of the new crypto community can answer. But one thing is certain, James Howells' journey has been and is attracting worldwide attention, becoming one of the most fascinating and inspiring stories in the digital age.