Bitcoin Worth $27 Turned This Guy Into A Millionaire
Oct 31, 2013 20:11
You might want to check on the bitcoins you have stashed away in your digital piggybank, because you never know how much they could be worth today.
You could end up just like Canadian Christopher Koch, whose $27-worth of Bitcoin is currently worth about a total of $1,010,000 USD!
Back in 2009, Koch was working on a thesis paper about encryption. This led him to the relatively unknown world of Bitcoin. He decided to throw down $27 for 5,000 Bitcoins and promptly forgot about the purchase until Bitcoin started popping up in the news four years later.
After trading in just one-fifth of his total purchase, he was able to buy himself an apartment in one of the wealthiest areas in Oslo.
While Bitcoin might also be notorious for occasionally erratic fluctuations in value, you have to admit that the gamble really paid of for this student with zero investment experience.
[NRK via The Guardian]
You could end up just like Canadian Christopher Koch, whose $27-worth of Bitcoin is currently worth about a total of $1,010,000 USD!
Back in 2009, Koch was working on a thesis paper about encryption. This led him to the relatively unknown world of Bitcoin. He decided to throw down $27 for 5,000 Bitcoins and promptly forgot about the purchase until Bitcoin started popping up in the news four years later.
After trading in just one-fifth of his total purchase, he was able to buy himself an apartment in one of the wealthiest areas in Oslo.
While Bitcoin might also be notorious for occasionally erratic fluctuations in value, you have to admit that the gamble really paid of for this student with zero investment experience.
[NRK via The Guardian]
