A Norwegian student spent $27 on Bitcoin in 2009 as part of a school project, then forgot about it. Years later, he remembered and discovered the coins were worth $886,000. He used part of the money to buy an apartment in Oslo.
 | In 2009, Norwegian student Kristoffer Koch was working on a thesis related to encryption and bought $27 worth of Bitcoin out of curiosity. At the time, each Bitcoin was worth only a fraction of a cent, and he ended up buying around 5,000 BTC. Like many early adopters, Koch completely forgot about the purchase until 2013, when news about Bitcoin's soaring value reminded him of his tiny investment. When he checked, he realized his 5,000 Bitcoins were now worth around $886,000. He used part of the newfound fortune to buy an apartment in an upscale area of Oslo, and wisely kept the rest. What started as a small academic experiment turned into a life-changing investment all because he remembered a long-forgotten password. [link] [comments] |