BTC Price
Posted by Jeremy Rush.
Kristoffer Koch spent about $27 to buy 5,000 bitcoins in 2009.
Life went on, and he forgot about his investment until bitcoin’s wild price swings earlier this year resulted in a slew of articles about bitcoin.
Bitcoin is a virtual currency that isn\’t controlled by a central bank. Instead, bitcoins are created through a process called mining, in which a computer tries to solve a cryptographic problem. The total supply of bitcoins is capped, which has led to comparisons with assets like gold.
Koch\’s original $27 investment was 2013 was worth $886,000, Koch told the Norwegian broadcaster NRK. That’s a return of 3,281,500% in four years.
Today 7th March 2018 it is worth over $55,000,000 I will let you work out the the ROI :) some would say that the time to get into bit has passed....! this that right well let me give you some facts
- In the last hour Bitcoin rose by 0.23%
- In the last 24 hours Bitcoin went down by -06.22%
- In the last week Bitcoin rose by 0.15%
- In the last month Bitcoin rose by 32.48%
- In the last year Bitcoin rose by 632.39% that mean bitcoin went up by £6,582.87 in the last year alone
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