tldr; In 2009, Norwegian Kristoffer Koch invested $27 in 5,000 bitcoins while researching encryption. He forgot about the investment until 2013, when media coverage reminded him. After recovering his wallet, he discovered the bitcoins were worth $886,000. Koch sold a portion to buy an apartment in Oslo. Bitcoin’s value has fluctuated significantly, and its use has expanded, including physical transactions and ATMs. Mining bitcoins remains a complex and resource-intensive process.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
flyflyflyfly66 on
He only sold 1/5 of the 5000 btc. Though that was in 2013. Who knows how much more of the 4000 coins he kept
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Was this headline edited?
11 years back it was what? Less than a dollar?
tldr; In 2009, Norwegian Kristoffer Koch invested $27 in 5,000 bitcoins while researching encryption. He forgot about the investment until 2013, when media coverage reminded him. After recovering his wallet, he discovered the bitcoins were worth $886,000. Koch sold a portion to buy an apartment in Oslo. Bitcoin’s value has fluctuated significantly, and its use has expanded, including physical transactions and ATMs. Mining bitcoins remains a complex and resource-intensive process.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
He only sold 1/5 of the 5000 btc. Though that was in 2013. Who knows how much more of the 4000 coins he kept