In 2009, Koch was writing a thesis on encryption and stumbled upon Bitcoin, which was still in its infancy. Out of curiosity, he bought 5,000 Bitcoins for about $27, thinking it was an interesting experiment, but nothing more. Fast forward a few years, and Bitcoin became more widely known. Koch had all but forgotten about his digital stash until he read about Bitcoin in the news in 2013.
He then remembered his old investment, but there was a catch—he couldn’t recall the password to his encrypted wallet. After a brief panic and some frantic digging through his old files, he finally managed to retrieve the password. When he checked the value of his 5,000 Bitcoins, he discovered they were now worth a whopping $880,000!
Koch used part of his newfound fortune to buy a luxurious apartment in one of the most expensive neighborhoods in Oslo, all from an initial investment that was less than the cost of a fancy dinner. It’s one of the best examples of how forgetting something could end up being a financial miracle!
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