The young man who invested 27 dollars in $BTC for a thesis forgot he had done it and is now a millionaire
A university investment transformed the life of a Norwegian student. Kristoffer Koch made a purchase of bitcoins in 2009 as part of his academic research. The initial value of his investment amounted to 27 dollars, a modest figure that acquired 5,000 units of the cryptocurrency.
The forgetfulness of this transaction lasted several years. Koch rediscovered his investment in 2013 when bitcoin began to gain notoriety. The value of his portfolio reached $886,000 at that time. This revelation marked a turning point in his financial life.
Koch's academic research explored encryption on the internet. This study led him to acquire bitcoins as part of his practical experiment. The initial purchase of 5,000 bitcoins represented an academic bet with unexpected results.
The partial sale of his portfolio financed the purchase of an apartment in Oslo. Koch acquired a 78 square meter property in the locality of Tøyen. This transaction represented his first tangible benefit from the investment.
The residual value of his portfolio continued to appreciate. The remaining 1,000 bitcoins reached significant values. Koch managed his fortune with prudence and long-term vision. Subsequent sales generated additional income. Koch obtained 10 million dollars for a portion of his portfolio. The remaining value of his bitcoins exceeded 13 million dollars. This fortune allowed him to enjoy a high standard of living.
