Koch bought 5,000 bitcoins in 2009 for $27, now worth $21533050
Kristoffer Koch was composing a proposition on encryption in 2009 when he spent about $27 to purchase 5,000 bitcoins.
Life went on, and he disregarded his investment until the point that bitcoin‘s wild value swings not long ago brought about a huge number of articles about bitcoin.
Bitcoin is a virtual money that isn\’t controlled by a national bank. Rather, bitcoins are made through a procedure called mining, in which a PC tries to take care of a cryptographic issue. The aggregate supply of bitcoins is topped, which has prompted examinations with resources like gold.
Bitcoin Price from the beginning
- June 2009 1 BTC = 0.0001 USD
- June 2010 1 BTC = 0.07 USD
- June 2011 1 BTC = 15 USD
- June 2012 1 BTC = 7 USD
- June 2013 1 BTC = 100 USD
- June 2014 1 BTC = 600 USD
- June 2015 1 BTC = 220 USD
Koch\’s unique $27 investment is currently worth about $21533050, Koch told the Norwegian supporter NRK. That is an arrival of 3,281,500% out of four years.
Koch has utilized one-fifth of his bitcoin reserve to purchase a flat in Oslo, Norway, the Watchman reports.
Many people have become wealthy as a result of bitcoin’s rise, although stories like this are rarely in the public eye. There’s the story on the Bitcointalk forums about Kevin, who purchased 259,684 BTC for under $3,000 in 2011.
Then there is Erik Voorhees, who founded the bitcoin gambling site Satoshi Dice and sold it for 126,315 BTC, worth about $24.7 million at the current bitcoin price.
And The Verge reported earlier this year that Satoshi Nakamoto, the Bitcoin network’s mysterious founder, has an address with over one million bitcoins.
Of course, we shouldn’t forget about the person who bought two pizzas for 10,000 bitcoins back in 2009. Now, if only that person had kept them, or perhaps forgot about them and rediscovered them years later like Kristoffer Koch did.
1 BTC = USD