Man Makes A Fortune With $22 In Bitcoin: 3 Altcoins For October 2023 That Can Do This

Scott Matherson

1 year ago

3 mins read

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Bitcoin’s history is filled with stories of people who put small, disposable amounts of money into the crypto and ended up making a fortune. This has been no different from the case of one Norwegian man, whose throwaway $22 Bitcoin investment has turned into a life-changing sum.

When Kristoffer Koch had originally invested in Bitcoin back in 2009, the cryptocurrency was only trading for a few cents. Koch, at the time, was intrigued which is why he said he made the purchase. He got 5,000 BTC for around $22 at the time, although this figure often varies.

Nevertheless, Koch ended up forgetting about this purchase until four years later when Bitcoin had blown up. By the time the Norwegian man got into his Bitcoin wallet, his initial $22 purchase had ballooned into $850,000. Upon seeing the life-changing sum, Koch revealed that he had used part of the money to buy himself a flat in Oslo.

As stories like these continue to make the rounds, a question on the lips of investors, especially those who came in later than the likes of Koch, is which cryptocurrencies could replicate such growth. So here are some picks that look good.

Fetch AI (FET) Brings AI To Crypto

The AI narrative is still holding strong both within and outside the crypto market and this has positioned some projects to be able to take advantage of its expected growth. Fetch AI’s native FET token has already shown the opportunity that lies in this space but that was only in a bear market. A bull market could see FET’s price rise further and do numbers.

The project is looking to democratize AI access through a crypto economy. This means users will be able to access AI in a completely decentralized and permissionless way unlike the AI products seen in traditional spheres.

Secret (SCRT) Challenges Bitcoin With Privacy

Presently, when the topic of privacy coins comes up, two names tend to pop up quickly, which include Monero’s XMR and Secret’s SCRT. Secret actually users ‘Secret Contracts’ to allow decentralized applications to offer completely private transactions.

As the demand for privacy grows among crypto users who constantly have to be aware of the government’s encroachment, SCRT’s value proposition becomes even more important. Added to its low $51 million market cap, SCRT could see a rally similar to that of Bitcoin.

Radiant Capital (RDNT) With Fragmented Liquidity

When it comes to carrying out transactions on-chain, liquidity becomes king, and this is where Radiant Capital (RDNT) comes in. The project is looking to consolidate fragmented liquidity in a bid to enhance the available liquidity for decentralized finance (DeFi) protocols.

This will work across a number of lending protocols regardless of the blockchain that they are on. So instead of hopping from one protocol to another, DeFi users can take advantage of this using a single protocol.

Radiant’s value proposition in a sector that is continuously evolving and growing could see it put on a Bitcoin-like rally. This could see its market cap go from its current $70 million to billions of dollars.

BTC price gearing up to retest $27,000 | Source: BTCUSD on Tradingview.com

Featured image from MARCA, chart from Tradingview.com

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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