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A $40 pizza was paid in bitcoin is worth $470 million USD if ordered today

by | Feb 19, 2021 | Food

Bitcoin has hit new highs this week, with its price soaring above $50,000. While many have seen tremendous financial gains from the cryptocurrency’s rapid growth – there’s one man who could have made millions, but instead cashed out for a couple of pizzas from Papa John’s.

It happened back in 2010 when Laszlo Hanyeck, a day trader in Jacksonville, Florida, posted to an online forum. He asked if someone would order a pizza for him in exchange for some bitcoins. A user agreed and in the end Hanyeck sent the forum user 10,000 bitcoins for 2 pizzas delivered by his local Papa John’s. At the time, the 10,000 bitcoins were valued around $40.

Over a decade later, with bitcoin reaching new heights – the value of those 10,000 bitcoin is now over half a billion dollars. While the transaction did go down in history as the first commercial bitcoin transaction, people wonder if Hanyeck is regretful. He addressed this ​in a 2020 interview​, when bitcoin was around $9,500 a coin. At that time he said he had no regrets. But with the price over 5 times what it was then, you have to wonder if his attitude has at all changed.

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