29 Oct '13, 6pm

Man Forgets About Buying $27 of Bitcoin, Is Now Worth About $1 Million

Four years ago, Oslo-man Christopher Koch's girlfriend scoffed at his purchase of $27-worth of Bitcoin. Chances are she was singing a decidedly different tune last April, when Koch checked back in on his investment and found out it was worth $886,000. And over a cool million today. Back in 2009, Koch was working on a thesis paper about encryption, which introduced him to the relatively unknown world of Bitcoin. On little more than a whim, he decided to throw down $27 for 5,000 Bitcoins because the encryption process fascinated him and because why not. Koch then promptly forgot about the purchase—until Bitcoin started popping up in the news four years later, that is. Remembering his offhand investment, Koch frantically searched for the password to his wallet and was floored to find that, by last April's standards, he was sitting on an $886,000 nest egg. After trading in jus...

Full article: http://gizmodo.com/man-forgets-about-buying-27-of-bitcoin...

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