The young man who invested US$27 writing his university thesis and became a millionaire

The young man who invested US writing his university thesis and became a millionaire

February 5, 2024 – 11:59

Kristoffer Koch, a young Norwegian student, invested $27 in bitcoins for his thesis, which years later allowed him to buy an apartment.

He became a millionaire from his university thesis! Kristoffer Koch, young Norwegian student wrote his thesis on internet encryptionan analysis with which was encouraged to invest the modest figure of 27 dollars in bitcoins, at that time in 2009 a semi-unknown cryptocurrency totally removed from the current boom. In exchange he obtained 5,000 bitcoins.

A wise investment that Koch completely forgot about once he finished his thesis. Until the cryptocurrency began to make headlines and appear in the news. It was then, in 2013, when the young Norwegian remembered his particular experiment and looked for the key to the system where he had stored it. When he regained his access he discovered that his curious investment was now worth $886,000.

Koch wanted to take advantage of the discovery and sold 4,000 of his 5,000 bitcoins to buy a 78-square-meter apartment in the Tøyen neighborhood of Oslo.. All in all, the value of bitcoin has continued to skyrocket and today, these 4,000 bitcoins would be equivalent to more than 50 million dollars.

“My little brother always reminds me, but I don’t want to think about it,” Koch said. to the Norwegian medium Hegnar. And since bitcoin broke the $1,000 barrier in January 2017, it has been breaking records until today, when it is paid at more than $17,000.

However, the experiment of Kristoffer Koch’s thesis is still very profitable for him. According to Hegnar, he recently sold another handful of bitcoins for $10 million and has $13 million worth of cryptocurrencies left in his portfolio. “Yes, this Christmas there will be good gifts,” Koch admitted.

Source: Ambito

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