The Bitcoin pizza is worth $1,000,000. On May 22, 2010, someone bought two pizzas for 10,000 bitcoins. At the time, this was worth about $41.
Today, those 10,000 bitcoins are worth over $1 million. This makes the Bitcoin pizza the most expensive pizza in history.
The story of the Bitcoin pizza begins with Laszlo Hanyecz, a programmer who was early to adopt the cryptocurrency. In 2010, Hanyecz made a post on a Bitcoin forum offering to pay 10,000 bitcoins for two pizzas.
At the time, 10,000 bitcoins were worth around $41.
Hanyecz’s offer attracted a lot of attention, but no one was willing to take him up on it. Eventually, someone stepped up and agreed to buy Hanyecz two pizzas in exchange for 10,000 bitcoins.
NOTE: WARNING: The value of Bitcoin and other cryptocurrencies can be extremely volatile, and the value of Bitcoin Pizza may be subject to significant fluctuations in value. As with any investment, it is important to understand all risks associated with investing in Bitcoin Pizza, including the risk of losing your entire investment. Investing in Bitcoin Pizza should only be done with caution and after thorough research and due diligence.
This is thought to be the first time that goods were purchased with bitcoin.
Since then, the value of bitcoin has skyrocketed. In the eight years since the Bitcoin pizza was purchased, the value of a single bitcoin has gone from around $41 to over $1 million.
This means that the two pizzas purchased for 10,000 bitcoins are now worth over $1 billion.
The story of the Bitcoin pizza highlights just how much money can be made by investing in bitcoin early on. Had Hanyecz held onto his 10,000 bitcoins instead of spending them on pizza, he would be a billionaire today.
As it stands, he is still thought to be one of the richest people in the world thanks to his early investment in bitcoin.
So how much is the Bitcoin pizza worth today? Based on the current price of bitcoin, it is worth over $1 million. This makes it the most expensive pizza in history and a reminder of just how profitable investing in bitcoin can be.
10 Related Question Answers Found
On May 22, 2010, a man bought two pizzas for 10,000 bitcoins. At the time, the pizzas were worth about $41. Today, those 10,000 bitcoins are worth more than $75 million.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoin Gold is a fork of the Bitcoin blockchain that occurred on October 24, 2017. The new blockchain created a new cryptocurrency, Bitcoin Gold (BTG), that can be mined with GPUs. BTG is currently worth $174.62 USD.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto in 2009.
Bitcoin Gold is a fork of the Bitcoin blockchain that occurred on October 24, 2017. The main difference between Bitcoin Gold and Bitcoin is that the former uses an algorithm that is resistant to ASIC miners called Equihash while the latter uses the SHA-256 algorithm. This makes it so that specialised mining equipment (ASICs) cannot be used to mine Bitcoin Gold.
A Bitcoin bit is worth a lot more than you might think. While there are only 21 million bitcoins in existence, each one is divisible into 100 million smaller units, called satoshis. So, while there are only a limited number of bitcoins in circulation, each one is still worth a considerable amount.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
When it comes to Bitcoin, there is no such thing as an official price. This is because the cryptocurrency is not regulated by any government or financial institution. Instead, its price is determined by the supply and demand of the market.
When it comes to Bitcoin, there is no such thing as a definitive answer when it comes to its value. Just like with any other currency or commodity, the value of Bitcoin is determined by what people are willing to pay for it. That said, there are a number of factors that can affect the price of Bitcoin, which can in turn affect how much a Bitcoin token is worth.
Bitcoin Diamond is a cryptocurrency with a market capitalization of $1.4 billion. It is ranked #38 on CoinMarketCap.com. Bitcoin Diamond has a circulating supply of 156,065,625 BCD and a max supply of 210,000,000 BCD.
