Stranger Than Fiction: 7 Unbelievable Bitcoin Stories You Won’t Believe Are True!

Bitcoin was created in 2009 by a mysterious person or group known as Satoshi Nakamoto. Though the currency is still young it has seen epic growth.

In the early days, each Bitcoin cost just pennies. Now, 1 Bitcoin is worth over $6000 US. And the future looks bright for this cryptocurrency.

Experts predict that Bitcoin will reach $125,000 by 2022. Read on for 7 outlandish but true Bitcoin stories you have to read to believe.

1. 12 Year Old Becomes Cryptocurrency Millionaire

In 2011, when Erik Finman was 12 years old, his grandmother gave him $1000. Rather than spend it on video games, Erik invested it all on blockchain technology. 2 years later, that bitcoin was worth $100,000.

He dropped out of school and started up a company. When he found a buyer for his company 2 years later he accepted 300 Bitcoins as payment instead of the $100,000.

6 years after his first investment in Bitcoin, Erik became a millionaire at the age of 18. He is one of the world’s youngest Bitcoin millionaires. You gotta love Bitcoin success stories like this!

2. Bitcoin Marriage Story

Everyone starts off as newlyweds with certain plans. Well one couple in Provo, Utah vowed to use only Bitcoin during the first 3 months of their marriage.

Why? Who knows. But they filmed their experiment for a documentary called life on Bitcoin that was funded through Kickstarter.

Their documentary follows the newlyweds as they try to convince their clients to pay them in Bitcoin, buy a car using Bitcoin and travel abroad all on Bitcoin.

If nothing else, they are certainly raising awareness of Bitcoin.

3. From $27 to $886,000 Bitcoin Success Story

A Norwegian man named Kristoffer Koch learned about Bitcoin from a thesis paper he was writing in University. On a whim, he decided to invest 150 kroner (roughly the value of $27 USD) in 2009.

He completely forgot about his investment until 2013 when he saw Bitcoin popping up on the news.

When he finally remembered what his password was, he logged in and was floored to discover that his 5000 Bitcoin in his account was worth $886,000.

Kristoffer used his funds to buy an apartment in a nice area of Oslo called the Tøyen district.

4. Bitcoin Loss Stories

There is no regulation or central bank with Bitcoin – and that’s part of its appeal. Yet, that also means that individuals have to keep tabs on their coin.

One British IT professional named James Howells accidentally threw out his old hard drive with 7,500 Bitcoin on it in 2013. He was in the middle of a move and didn’t realize what he had thrown out.

Back then, the value of his Bitcoin was around $975,000. Today, they would be worth $85,125,000.

Of course, James isn’t content to just let it go. He is working to finance a project to dig up the landfill where his precious hard drive is buried. You’d think an IT professional would know better than to throw away a hard drive.

5. Getting Paid In Bitcoin Pays Off

Olaf Carson-Wee heard decided to write his undergraduate thesis on cryptocurrency. He didn’t get swayed to change his topic even when Bitcoin dropped from $17 per Bitcoin to just $2.

In fact, he sent his thesis to a startup called Coinbase when he applied for a job there. Olaf was the first-ever employee of this Bitcoin startup back in 2013. Now, Coinbase is the most popular U.S.-based cryptocurrency exchange.

Bitcoin was valued at a modest $20-$30 when he first started. Yet, Olaf understood that cryptocurrencies had massive potential so he decided to get paid in Bitcoin.

Olaf went on to launch a hedge fund called Polychain Capital that invests in blockchain-based digital assets. It is now worth $15 million.

Things have changed quite a bit since those early days of cryptocurrency. People are now even using a crypto trading bot for online cryptocurrency trading.

6. Bitcoin Theft Equals Millions

One of the early adopters of Bitcoin is a man named Jered Kenna. When he first started buying Bitcoin, they cost a mere 20 cents per coin.

His is one of those Bitcoin horror stories that you can’t help but cringe about.

Hackers got access to his email account and were able to get into his wallet and stole Bitcoins that were valued in the millions. Bitcoin doesn’t allow reversals and so the Bitcoin was gone for good.

Earlier, Jered lost 800 Bitcoins in 2010 when his computer was erased. Talk about bad luck!

Jared had the grit to keep going. though he saw several failures – he did manage to become a millionaire thanks to cryptocurrency. Today, he is valued at $30 million USD.

7.The 10,000 BTC Pizza

In the early days of cryptocurrency, Bitcoin was mostly theory – not actually something valuable.

So in 2010 when bitcoin cost just cents, this man called Laszlo Hanyecz agreed to give a guy in England 10,000 Bitcoins in exchange for a Papa John’s pizza delivered to his house.

This pizza was the first Bitcoin transaction that was exchanged for tangible goods.

Sure, 10,000 Bitcoin was no big deal then -it was worth about $30. But now, 10,000 Bitcoin is valued at 82 million dollars.

Would you ever pay that much for pizza? Didn’t think so. But the guy who did the deal with Laszlo is sure glad he did.

Bottom Line on Bitcoin Stories

We hope you enjoyed reading these fascinating and true Bitcoin stories. We know what you’re thinking, you wish you had a time machine so you could go back in time and purchase Bitcoin back when it was worth pennies.

But until you find a way to jump through time, check out these 6 lucrative but weird ways to make money.

Tags: , Bitcoin, stories

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