Home Crypto Bitcoin Investment Experiment Yields Jaw-Dropping 13,000% Returns

Bitcoin Investment Experiment Yields Jaw-Dropping 13,000% Returns

Participants in a research on the Massachusetts Institute of Technology (MIT) who had been gifted free Bitcoin are witnessing a meteoric rise within the worth of their crypto asset.

In 2014, the MIT Bitcoin Project provided each undergraduate pupil within the Cambridge, Massachusetts campus an opportunity to assert $100 in Bitcoin. All they needed to do was full a questionnaire to obtain what was then a bigger fraction of the cryptocurrency.

Bloomberg stories that of the three,100 college students that participated within the experiment, one in 4 contributors cashed out their crypto property when the experiment resulted in 2017.

Some contributors used their income to purchase a brand new pair of footwear or meals. Others forgot about their holdings and a few misplaced their BTC as a result of they might now not entry their digital pockets the place the Bitcoin was saved.

It just isn’t clear what number of alumni nonetheless have their free Bitcoin from the experiment, however 24-year-old Mary Spanjers, a freshman on the time, says she nonetheless has her free cryptocurrency.

As the worth of Bitcoin reached new all-time highs this yr, the $100 price of BTC that Spanjers obtained in 2014 reached as a lot as $20,000 in worth. Even after the worth of the crypto asset plummeted in May, the free Bitcoin remains to be price round $13,000, marking a 13,000% improve during the last seven years.

Spanjers, who now works as a software program engineer for Schlumberger oil agency in Houston, says she virtually used her BTC to purchase a $35 “Doppler Effect” T-shirt for her dad. Had she not modified her thoughts, she says the T-shirt might have been price $4,000 immediately.

“My dad would have had the most costly T-shirt ever.”

At time of writing, Bitcoin is buying and selling at $36,156, in keeping with CoinGecko.

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Featured Image: Shutterstock/Eugenio Marongiu

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