Man Finds Laptop Containing 5 Million USD Bitcoin after 10 Years

Date Added: June 10, 2020 10:09:23 AM
Author: Sutra Web Directory
Category: Computers & Mobile

A Redditor by the name Shotukan has declared he found an over 10-year-old laptop containing 533 Bitcoins (worth $5,162,120 at the time of writing) after he gave it out to his brother some times in the past.

The Redditor said he gave the laptop to his brother and had since been looking for it after his demise. To his surprise today, he found the Dell laptop containing 533 BTC that he acquired since 2010 and has been lying fallow since then. He said his brother died and he had to check his belonging to find the old laptop.

He said he acquired the Bitcoins in 2010, over 10 years from now, at the time a BTC was sold for a price that ranged $0.0008 to $0.08. That shows that Bitcoin was initially worth almost nothing.

The 533 Bitcoin had less than $50 value when it was first acquired by the Redditor. Now, by calculation, the 533 BTC is worth over 5 Million USD. The demised brother passed on last August, he claimed.

He said he was now searching his boxes perhaps he can find anything “worth hanging on” when he discovered the old laptop.

Although he has not confirmed he is now able to find the Bitcoin in the laptop, but there an indication he’s closer to gaining complete access to the backup.

At the time of filing this report, a BTC is sold for $9,685. The digital currency touched $9800 at some points in the last 24 hours. The latest discovery by Shotucan is a blessing considering how Bitcoin has fared in the last 10 years.

Shotucan, by all indications, is among the early adopters of Bitcoin. He possibly invested less than $50 in Bitcoin during this period, which is a whopping gain for the early crypto adopter now if the digital asset is found on the laptop.

Since launching by Satoshi Nakamoto in 2009, Bitcoin has had over 7,000% Return on Investment (ROI). When Bitcoin was first launched, Bitcoin was trading around $0.0008 and suddenly peaked in July 2010.

Since then Bitcoin continues to trade higher, and in 2017, Bitcoin touched $20,000, close to 2 years after the second halving.

The first Bitcoin tangible transaction happened in 2010 when a miner bought just two pizzas for 10,000 bitcoins.

Since then, Bitcoin has been gaining wide prominent and now been depended upon as a means of transaction by big companies.

Today, it was reported that people can now buy Coca-cola with Bitcoin in New Zealand and Australia. A digital currency integrator, Centrapay, partnered with Coca-Cola Amatil (Amatil) in Australia and New Zealand to make the adoption a possibility.