Inspirational Bitcoin Success Stories
Kristoffer Koch – Millionaire by Accident
It has been a long time since Bitcoin was valued at less than $1,000, so it’s almost hard to appreciate just how much has its value climbed up over the years. The story of Kristoffer Koch should be able to put things into perspective for you.
In 2009, Kristoffer was busy writing his master thesis on encryption technology at his University in Norway. While researching the latest applications of encryption, he came across the unknown virtual currency called Bitcoin. Determined to experience first-hand what Bitcoin was all about, he decided to spend around $26, which allowed him to purchase—hold your breath—more than 5,000 Bitcoins (yes, that’s correct).
What did Kristoffer do with his investment? Nothing! He moved on with his life and forgot about it. He remembered only when mainstream media started talking about Bitcoin on a daily basis around 2013. After an entire day spent searching for the correct password to his encrypted Bitcoin wallet, Kristoffer struck gold and quickly exchanged one-fifth of his investment for $886,000.
He used the money to buy himself a cozy apartment in Oslo, Norway, and the rest is history. It’s possible that Kristoffer still has the remaining 4,000, patiently waiting for the right opportunity to sell another chunk of his digital fortune.
Inspirational Bitcoin Success Stories
Kristoffer Koch – Millionaire by Accident It has been a long time since Bitcoin was valued at less than $1,000, so it’s almost hard to appreciate just how much has its value climbed up over the years. The story of Kristoffer Koch should be able to put things into perspective for you.
In 2009, Kristoffer was busy writing his master thesis on encryption technology at his University in Norway. While researching the latest applications of encryption, he came across the unknown virtual currency called Bitcoin. Determined to experience first-hand what Bitcoin was all about, he decided to spend around $26, which allowed him to purchase—hold your breath—more than 5,000 Bitcoins (yes, that’s correct).
What did Kristoffer do with his investment? Nothing! He moved on with his life and forgot about it. He remembered only when mainstream media started talking about Bitcoin on a daily basis around 2013. After an entire day spent searching for the correct password to his encrypted Bitcoin wallet, Kristoffer struck gold and quickly exchanged one-fifth of his investment for $886,000.
He used the money to buy himself a cozy apartment in Oslo, Norway, and the rest is history. It’s possible that Kristoffer still has the remaining 4,000, patiently waiting for the right opportunity to sell another chunk of his digital fortune.