Posted on 03/15/2021 1:59:14 AM PDT by nickcarraway
Programmer Laszlo Hanyecz has become well-known in crypto circles after making headlines for trading 10,000 bitcoin for two Papa John's pizzas on May 22, 2010. The day is now referred to as "Bitcoin Pizza Day" and is the most celebrated date in the crypto calendar, as Insider previously reported.
Thanks to Saturday's record-breaking price of $60,000, Hanyecz's stash would now be worth $613 million (or £440 million, per Sky News.)
The cryptocurrency, which has a market capitalization of more than $1.1 trillion, has been buoyed by investor optimism.
Earlier this week, President Joe Biden signed a $1.9 trillion relief bill into law. As a result, $1,400 stimulus checks are being distributed to millions of Americans, fueling hopes that the market boom will continue.
(Excerpt) Read more at businessinsider.com ...
They are playing with numbers. In 2010 10,000 bitcoin’s were not “worth” $60,000 each. Bitcoins were under $2 until 2011 while still a lot for a couple of pizzas it was a publicity stunt. What they are saying is if the pizza maker held on to those bitcoin’s they could trade them today for.$60,000 each not $2 bucks or less.
https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp
The cryptocurrency, which has a market capitalization of more than $1.1 trillion, has been buoyed by investor optimism.
Hey! Almost enough to fund the entire Green New Deal!
Sure, but $613 million in retrospect is a great example of "coulda, shoulda, woulda."
I’d like to also add that it was people like them actually using Bitcoin as a medium of exchange contributed to Bitcoin’s legitimacy. Crypto investors should look at these people with gratitude, rather than ridicule.
>Bitcoins were under $2 until 2011 while still a lot for a couple of pizzas it was a publicity stunt.
I see that you often post about bit coin, etc.
My son died last year. His will left all to his daughter including bit coin. She has his password and account number. She has been unable to access it, as she supposedly also needs a confirmation number from the original purchase date.
I wonder if you have any ideas of what her next move might be? Judy Busch Dana Point Ca
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