Turning $500 into $10 Million — The Bitcoin Story
In 2012, a collector named John Galt bought a Casascius physical Bitcoin bar for $500. Each bar contained 100 BTC.
Back then, 100 BTC was worth only $500.
In 2025, with Bitcoin priced around $110,000 per BTC, Galt’s 100 BTC became worth $10 million, making him a millionaire.
Casascius bars were physical Bitcoin collectibles containing real BTC with a private key inside. Once redeemed, they can’t be reused.
Casascius bars were produced until 2012; their production was halted in 2013 by U.S. authorities.
About 10,000 bars have been redeemed, but around 18,000 bars remain unclaimed, potentially worth millions today.
#bitcoin
In 2012, a collector named John Galt bought a Casascius physical Bitcoin bar for $500. Each bar contained 100 BTC.
Back then, 100 BTC was worth only $500.
In 2025, with Bitcoin priced around $110,000 per BTC, Galt’s 100 BTC became worth $10 million, making him a millionaire.
Casascius bars were physical Bitcoin collectibles containing real BTC with a private key inside. Once redeemed, they can’t be reused.
Casascius bars were produced until 2012; their production was halted in 2013 by U.S. authorities.
About 10,000 bars have been redeemed, but around 18,000 bars remain unclaimed, potentially worth millions today.
#bitcoin
