A piece! Pizza for exchanging Bitcoin? Almost changed destiny!
In 2010, a programmer named Laszlo Hanyecz spent about 10,000 Bitcoins on two pizzas, a transaction that became very legendary in the cryptocurrency market.
Hanyecz actually did not pay the pizza shop directly with Bitcoin. Instead, what happened was that he paid another user 10,000 Bitcoins, and then he used regular money to buy him the pizzas.
Nowadays, 2 pizzas (based on Friday's price) are about $1,0.33 million.” Then, the same user even continued to break down the costs further: “Assuming the basic pizza is $$ 3.75, I calculated that each premium one costs $56 million.” Some toppings for the pizzas, such as cheese, green peppers, black olives, and mushrooms, are massive costs!
Although the certain wealth is definitely a missed opportunity, Laszlo does not regret his purchase. His transaction actually established the real value of Bitcoin, which previously had no clear value. Today, May 22 is celebrated as “Bitcoin Pizza Day” among people in the global cryptocurrency community.
Lessons for Investors
The story of Bitcoin pizza will certainly teach us some valuable lessons about early adoption, security risks, and maintaining a market perspective. While not many people will experience such enormous returns on their investments, today's cryptocurrency market offers more accessible entry points and secure infrastructure than what was available back then.
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