This man bought $27 of bitcoins te 2009 and they’re now worth $980, 000
A Norwegian man who bought $27 worth of bitcoins ter 2009 and left behind about them discovered their value had since slok up – to $980,000 at today’s price.
Kristoffer Koch determined to buy Five,000 bitcoins for only 150 Norwegian kroner ($26.60) te 2009, after discovering bitcoin spil part of an encryption thesis he wasgoed working on.
Koch very likely didn’t think he would become wealthy spil a result, but his Five,000 BTC has turned into a goldmine. It wasgoed a wise investment by someone who stumbled across bitcoin before many others did.
Koch found that his bitcoins were worth Five million Norwegian kroner ($886,000) when he checked back ter on them. At the current Bitcoin Price Index of $196, those coins are now worth about $980,000.
After purchasing the Five,000 bitcoins, Koch pretty much left behind about them altogether. That is, until the price slok up to overheen $200 back ter April and he commenced observing press coverage about bitcoin’s rise.
“I thought to myself, didn’t I have something like that?” Koch told NRK, a Norwegian news outlet.
He did, and after figuring out the password to his wallet and observing how valuable those bitcoins had become, he sold off a portion of them. Now he has an apartment that he purchased ter an expensive part of Oslo, Norway. All thanks to the meaty price build up that bitcoin has experienced, mostly te the past year.
The one-year rise of bitcoin’s price. Source: CoinDesk Bitcoin Price Index
It turns out that Koch’s frivolous technology spending, against his gf’s wishes, actually turned out to be a excellent investment.
“I buy a lotsbestemming of technical little things that I never have time to use, and this wasgoed the worst of all, the fact that I wasgoed buying fake money,” Koch told NRK.
It’s not fake anymore, at least not to Kristoffer Koch.
Many people have become wealthy spil a result of bitcoin’s rise, albeit stories like this are uncommonly ter the public eye. There’s the story on the Bitcointalk forums about Kevin, who purchased 259,684 BTC for under $Three,000 ter 2011.
Then there is Erik Voorhees, who founded the bitcoin gambling webpagina Satoshi Dice and sold it for 126,315 BTC, worth about $24.7 million at the current bitcoin price.
And The Brink reported earlier this year that Satoshi Nakamoto, the Bitcoin network’s mysterious founder, has an address with overheen one million bitcoins.
Of course, wij shouldn’t leave behind about the person who bought two pizzas for Ten,000 bitcoins back te 2009. Now, if only that person had kept them, or perhaps left behind about them and rediscovered them years straks like Kristoffer Koch did.
Featured pic: antanacoins / Flickr
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