If Laszlo Hanyecz Hadn't Bought Pizza With 10,000 BTC, Here's How Much He Would Have Today

In the early days of cryptocurrency, a Florida-based programmer named Laszlo Hanyecz set out to purchase two large pizzas using Bitcoin

What Happened: On May 18, 2010, Hanyecz made an announcement on Bitcointalk.org, offering 10,000 Bitcoin BTC/USD to anyone who would be willing to accept the apex crypto for a pizza.

Hanyecz had trouble finding anyone who would accept his offer. Days passed, and he began to lose hope. However, on May 22, a 19-year-old named Jeremy Sturdivant stepped up and took Hanyecz up on his offer.

Sturdivant delivered the two pizzas to Hanyecz in Florida, marking the first-ever recorded real-world transaction using cryptocurrency. The value of those 10,000 Bitcoins at the time was just $41, but today, the value has exploded. 

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Why It Matters: Had Hanyecz held onto the Bitcoin he used to purchase those pizzas, it would be worth more than $267.91 million today, which means a profit of 638,017,519.05%.

Price Action: At the time of writing, BTC was trading at $26,762.98, down 1.26% in the last 24 hours, according to Benzinga Pro.

Read More: Bitcoin, Ethereum, Dogecoin Drop After Powell’s Dovish Comments: Trader Predicts King Crypto Soaring To $300,000

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Posted In: CryptocurrencyNewsEducationMarketsBitcoin Pizza DayLaszlo Hanyecz
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