The man who paid 10,000 BTC for two pizzas on May 22, 2010 (ten years ago yesterday) in a trade that took place on a public Bitcoin Talk forum would now have $90 million. At the time, the transaction was largely laughed at but no one could have known the true value of BTC back then.
Today, we can see that the man who paid 10,000 BTC for two pizzas probably made one of the worst decisions in his life. The screenshot from the Bitcoin Talk forum is published below as proof for the now-shocking transaction.
At the time, the transactions was laughed at. “Who would want some worthless coins for two hot pies worth $30 to $4o in aggregate” – people asked. But today, the real value of those two pizzas is around $90 million.
What’s also interesting is the fact that this was the first BTC transaction in the Bitcoin news for a real-world item ever. Since then, May 22nd has been deemed “Bitcoin Pizza Day” which crypto investors celebrate every year by buying pizza – with cryptocurrency, if possible.
Laszlo’s transaction has been deemed fundamentally important to the entire ecosystem. The man who paid 10,000 BTC for two pizzas has been praised by many analysts. For example, the analyst Mati Greenspan opined that without this one transaction, BTC would not be where it is today. But, there is even a Twitter account dedicated to this event and the man who paid 10,000 BTC for two pizzas, posting real updates for the value of those 10,000 BTC in real-time.
— Bitcoin Pizza (@TheBitcoinPizza) May 23, 2020
According to Nic Carter who is a partner at Castle Island Ventures and a co-founder of Coin Metrics, there is a possibility that Laszlo (man who paid 10,000 BTC for two pizzas) decided to spend his Bitcoin fortune out of guilt. He recently tweeted and said many things – but the entire private email exchange was shared by him on Reddit, too.
This is your annual reminder that Bitcoin pizza day may well have been a consequence of Satoshi admonishing Laszlo over accumulating so many BTC from his experiments with GPU mining
— nic carter (@nic__carter) May 22, 2020
Laszlo has largely abstracted himself from the economic implications of his transaction. However, many people believe that the man who paid 10,000 BTC for those pizzas could have been even richer in the future if he did not spend the money on those two steaming hot pies.
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