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WHEN MAX KEISER SNAPPED ON PETER SCHIFF OVER BITCOIN You could feel how fired up he was, $BTC was still around ~$4K, and everyone thought he was crazy while Schiff kept calling it a cult. Eight years later, and that “cult” became a global movement. Max didn’t lose his...

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A Norwegian student spent $26 on Bitcoin in 2009 and forgot the password. He cracked it 4 years later. His $26 was worth $886,000. – In 2009 Kristoffer Koch was a 22-year-old student in Norway writing his thesis on encryption and digital privacy. – He stumbled across Bitcoin while researching. Almost no one outside forums had heard of it. – He spent 150 Norwegian kroner about $26.60 and bought 5,000 Bitcoin at less than half a cent each. – Then he forgot about it entirely. – Four years passed. – In April 2013 Bitcoin was suddenly everywhere on the news. The price had exploded past $100. – He vaguely remembered buying some once. He could not find the password. – He spent weeks trying to crack it. – When he finally got in he stared at the screen for a long time. – His 5,000 Bitcoins were now worth $886,000. – He sold exactly one fifth of them 1,000 coins for around $177,000. – He used the money to buy an apartment in Toyen, one of Oslo's most sought-after neighbourhoods. – He kept the other 4,000 Bitcoin. – He told reporters: "It said I had 5,000 Bitcoin and I just thought oh wow." – He had written a university thesis on encryption. His reward for understanding it slightly earlier than everyone else was a free apartment. – The $26.60 he spent in 2009 would be worth over $450 million today. A Norwegian student forgot he owned Bitcoin. Cracked the password 4 years later, sold a fifth of it, and bought an apartment with the proceeds. He kept the rest.

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