#1. Bitcoin Closeup
This money news story began in 2010
At the onset of 2010, Bitcoin (BTC) wasn’t really anything special and it was difficult to find a place that would even sell them. At the time, it was valued at 1.5 US cents. One Australian young man took a chance and on a whim, bought 1,400 pieces of this digital currency at a cost of $25. The Bitcoin sat in an offline file (cold storage wallet) on a generic 250GB portable hard drive that had been around for a while and had a couple of dings and an extremely annoying audible click. Some five years later, without realizing that he was about to make money news headlines, Simpson threw away the hard drive with the maddening click because he now had better ones.
He forgot about the Bitcoin until one day, he remembered and made money news headlines
#2. Bitcoin Currency
At first, he was just slightly upset as the price of BTC began to skyrocket across the Internet. At that time it had gone from barely more than a cent to about $2.50 per coin, which would have netted him some $4,000. A nice piece of change for sure that would have helped with bills for a while, but certainly not a life changing amount; that is, until now. At this point in his life, a promotion at work and the belief that Bitcoin was just a fun fad that would soon fade away sustained him in his loss and he moved on for a while.