This man invested $27 in Bitcoin in 2009, when he remembered it in April it was worth $885,000

This man invested $27 in Bitcoin in 2009, when he remembered it in April it was worth $885,000

imgFluctuations and peaks make Bitcoin attractive to many today. Point in case, one Bitcoin is currently valued at $202, but it dropped as low as $110 on October 3 after the FBI shut down Silk Road.

That’s a huge fluctuation over a short period — what if you bought Bitcoins back in, say, 2009? Answer: You could be buying a house from one part of the proceeds, as Norway-based Kristoffer Koch recently did.

Media interest in Bitcoin this April prompted Koch to rediscover a 150 kroner ($26.60) investment, made in 2009, by which time his 5,000 BTC hoard was worth 5 million kroner ($885,520). Koch promptly cashed in one-fifth to buy a flat in a fancy part of Oslo.

You obviously won’t get that kind of value today, but there may well be money still to be made investing in Bitcoin.

➤ Norwegian student Kristoffer Koch buys $27 in bitcoin in 2009, now he owns an apartment [News.com.au]

Image via nrk.no, thumbnail via Zach Copley/Flickr

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