In May 2010, Laszlo Hanyecz made what is believed to be the first real-world transaction using bitcoin. He bought two pizzas for 10,000 BTC.
At the time, Hanyecz believed that bitcoin would eventually be worth more than $1 million per coin. If his prediction comes true, those pizzas would be worth over $10 billion today.
NOTE: WARNING: This article discusses the purchase of Bitcoin using real-world currency. It is important to understand that the value of Bitcoin is volatile and can go up or down at any time, potentially resulting in a loss of money. Investing in Bitcoin should only be done with caution and after careful consideration.
Hanyecz has become known as the “Bitcoin Pizza Guy” and his story is often cited as an example of how early adopters of Bitcoin could have made a fortune if they had just held on to their coins.
So who got the 10,000 BTC for the pizzas? Hanyecz says he paid someone on Bitcointalk forum for the pizzas. The user’s name was jercos and Hanyecz has not been able to find him since.
If jercos still has those 10,000 BTC, he is now a multi-millionaire. Whoever he is, we hope he enjoyed those pizzas!.
9 Related Question Answers Found
If you’re wondering how much you’ll get if you invest 1000 in Bitcoin, the answer is not as simple as you might think. There are a lot of factors that go into determining how much you’ll get back from your investment, and there’s no guarantee that you’ll make any money at all. Here’s a breakdown of some of the things you need to consider before investing in Bitcoin:
The price of Bitcoin is volatile.
Bitcoin Cash (BCH) is a cryptocurrency that was created as a fork of the Bitcoin blockchain. It is similar to Bitcoin in many ways, but it has a few key differences. One of the main differences is that Bitcoin Cash has a larger block size limit, which allows it to process more transactions per second than Bitcoin.
When it comes to Bitcoin, there is no such thing as too much. No matter how many Bitcoin someone has, they always want more. This is especially true when it comes to 1000 Bitcoin. 1000 Bitcoin is a lot of money, and there are a lot of things that can be done with it.
Bitcoin has been on a tear lately. The cryptocurrency is up more than 20% in the last month, and is now trading above $4,000. That’s a more than 50% increase from its December lows.
As of September 2019, there are only 21 million bitcoins in existence. This means that each bitcoin is worth approximately $4,700. However, the value of a bitcoin can fluctuate wildly, and it is not uncommon for the value of a single bitcoin to drop or rise by hundreds of dollars in a single day.
As of September 2019, 1000 US dollars is worth around 0.0117 bitcoins. This means that 1000 dollars can buy around 8.5 bitcoins. However, the value of bitcoin is constantly changing, so this is only an estimate.
When it comes to Bitcoin, there is no such thing as too much. In fact, $1000 worth of Bitcoin could get you a lot more than you think. Here is a breakdown of how much Bitcoin you could get for $1000.
If you had invested just $1000 in Bitcoin back in 2013, your investment would now be worth over $4 million. That’s an incredible return of investment (ROI), and it’s not even the highest ROI that Bitcoin has seen. For example, early investors who bought Bitcoin when it was first released in 2009, would have seen their investment increase by over 2,000,000% by now.
In the world of Bitcoin, there are a lot of different units of measurement. One of the smallest is known as a satoshi, which is equal to one hundred millionth of a bitcoin. In other words, if you were to divide a single bitcoin up into one hundred million pieces, each piece would be worth one satoshi.
