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Aussie Bitcoin investor is now selling his stake in the crypto-currency to the highest bidder for just $15.20 on eBay.

The man, who only wants to be identified by his first name, says he has been buying bitcoin for about five years.

He says he got involved after reading about the currency in a Bloomberg article.

“I bought bitcoin about five or six years ago and I thought it was a great thing, I was a bit skeptical about it and it just didn’t live up to what I expected,” the man told the ABC’s AM program.

“It’s basically a bubble that just doesn’t really work.

I didn’t expect to be able to sell it for a bit over $15.”

The man says he was surprised to find that the price had gone up in the past few weeks, but the price he paid for his stake fell quickly.

“The last couple of days I’ve been able to buy it back down to about $15,” he said.

“Now it’s been going down for about $10.”

The ABC contacted the man to find out more about the market’s recent price surge.

He did not return calls.

A similar sale in the US recently netted the man $7,700.

He is now using the money to buy a house, but he says he wants to keep investing in bitcoin as a safe haven asset.

Topics:investment-and-markets,money-and/orgy,bitcoin,technology,australiaFirst posted October 03, 2019 11:37:20Contact James SmithMore stories from Western Australia