On one of the days in May 2010, an American felt hungry and resorted to using a barter mechanism to get food.
This person, named Laszlo Hanyecz, used thousands of Bitcoins to buy just two pizzas.
The man did not realize at the time that the two pizzas he bought from a famous American pizza restaurant for 10,000 Bitcoins would be worth about $490 million today.
At that time, the price of Bitcoin was about $0.003 per Bitcoin, while the price of the pizza that the American man wanted to buy was about $30, according to Investorplace.
On one of the days in May 2010, an American felt hungry and resorted to using a barter mechanism to get food.
This person, named Laszlo Hanyecz, used thousands of Bitcoins to buy just two pizzas.
The man did not realize at the time that the two pizzas he bought from a famous American pizza restaurant for 10,000 Bitcoins would be worth about $490 million today.
At that time, the price of Bitcoin was about $0.003 per Bitcoin, while the price of the pizza that the American man wanted to buy was about $30, according to Investorplace.
The famous barter took place on an internet forum, and it was the first time Bitcoin was used to purchase tangible goods.
The man did not seem to regret it; in previous statements to the New York Times, Hanyecz, a software developer, said, 'Bitcoin had no value at that time, so the idea of exchanging it for pizza was great. No one knew it would become that huge.'
By today's standards, the American software developer would have become one of the Bitcoin whales with a fortune estimated in millions of dollars.
In the mysterious and exciting world of Bitcoin, a 'whale' is a term used for an investor whose portfolio ranges from 10,000 to 100,000 Bitcoins, making these individuals' fortunes worth millions of dollars with the current record levels achieved by the cryptocurrency.
According to Coindesk data, Bitcoin levels currently hover around $49,000 per Bitcoin, while the market value of the cryptocurrency approaches the trillion-dollar mark.
In May of every year, the Bitcoin investor community celebrates 'Bitcoin Pizza Day'. Although those pizzas are the most expensive in history, they opened the door for the first-ever use of Bitcoin in purchasing and selling.
