Four years ago, Christopher Koch was working on a thesis paper about encryption. His research befriended him with budding e-currency, bitcoin and on a whim he purchased 5,000 bitcoins for 150 kroner($26.60). He then forgot about it until widespread reports jogged his memory this past April.
But the unlucky chap forgot the password to his bitcoin wallet until after some failing trial and error he finally got logged in. And to his dreadful or wonderful surprise, the initial $27 investment was now NOK5m($866,000) which based on today's exchange rate is worth more than $1 million - he told NRK
Bitcoin ATM in Vancouver, British Columbia
Bitcoins can be purchased through Bicoin "exchange", although the process can be a bit tricky because of money laundering regulations. Alternatively one could generate own bitcoins using computer hardware to mine them. But the process is time consuming, hardware intensive and deemed by some to no longer be profitable.
Since then Christopher has purchased a neat apartment in a wealthy area of Norse capital Toyen, Norway; his home country by cashing out 1,000 bitcoins.