- September 6, 2017
- Posted by: admin
- Categories: Bitcoin, Bitcoin Everything, Exchanges, Investing, Markets, Success Stories, Trading
This following story will be written into a history book without a shadow of a doubt.
In 2013 a Norwegian named Kristoffer Koch remembered that he had invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption.
As most of us probably know Bitcoins are stored in encrypted wallets secured with a private key, something Koch had forgotten. After eventually working out what the password could be, Koch got a pleasant surprise:
“It said I had 5,000 Bitcoins in there. Measuring that in today’s rates it’s about NOK 5m ($886,000.00),” Koch told NRK.
Now it is worth noting that during the writing of this article 1 Bitcoin is worth staggering $4,577.00. Which would make his initial investment of $26.60 equal to $22,885,000.00 a gain out of this world.
One single Bitcoin is expected to trade around $100,000.00 by 2020.
We are nowhere close to major adoption and this is your chance to join us Bitcoiners!
Get your first piece of Bitcoin from our best-reviewed exchange here: www.coinbase.com
Disclosure: We are a professional review site that receives compensation from the companies whose services/products we review. We test each service/product thoroughly and feature only the very best. We are independently owned and the opinions expressed here are our own.