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What about that long forgotten BTC wallet?

Without a private key that is readily accessible? Worthless,

Wallet by definition has private key within it. Without key is just an address.

I think ‘readily accessible’ was the important bit.

I don't follow. The wallet is the private key, along with some other info.

The wallet could be encrypted with a strong password and thus inaccessible.

Yes, but any unknown password is enough to put most people off, particular if the contents of the wallet is unknown.