Man Buys $27 Worth Of Bitcoins From 2009, Now They’re Worth $886,000
Peter Donnell / 5 years ago
You ever forgot that you had some money in the bank? Or perhaps you found and old wallet with £20 in the back, some change in your pocket when your doing the washing, or maybe a few pennies in your cars ashtray? Of course you have, but that isn’t worth a damn thing compared to what Christopher Koch has done.
In 2009 Bitcoin was relatively new, the coins were cheap and Mr Koch from Norway decided to invest $25 in the digital currency, which back then was enough to grab him 5000 coins. Then he did something interesting, he forgot about them.
Fast forward to the present and Koch was reminded about the coins by a news story and spend nearly a full day trying to recall his password for his digital wallet, naturally you can imagine his face when he saw just how many bit coins he had and how much they’re worth.
He bought 5000, at time of writing they are worth $199.40 each!
He’s cashed in a fifth of his investment and bought himself a lush new apartment in his home town. Now that is what I call a great investment.
Thank you HuffingtonPost for providing us with this information.