Today marks the 10th anniversary of Bitcoin’s first official commercial purchase. On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 for two Papa John’s pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $92.5 million price tag. One might logically wonder what happened to the 10,000 Bitcoin (BTC) used for the purchase of two pizzas. “Over the years the funds have moved across many addresses,” Grant Blaisdell, co-founder and CMO of blockchain analytics company Coinfirm, told Cointelegraph in…
Day: May 22, 2020
We Have All Had A ‘Pizza Day Moment’ — What’s Yours?
Famous entrepreneur and author, Andreas Antonopoulos, said that he paid five Bitcoin (BTC) for one pound coffee in 2012. “I don’t rerget it or any other BTC I spent, or gifted,” Antonopoulos told Cointelegraph in a May 22 email. “Without spending, BTC wouldn’t have become what it is today,” he added. “I still use it as a currency and I do a transaction or two every week.” Antonopoulos didn’t even like the coffee Antonopoulos’ tweet came on Bitcoin Pizza Day — a crypto holiday commemorating the first documented commercial purchase using Bitcoin. Approximately…
“It’s Just a Matter of Time” Before BTC Break’s All-Time High, Investment App CEO Says
Aleks Svetski, co-founder and CEO of Bitcoin (BTC) investing application Amber, said the asset could be on route to hit its all-time price high once again. “It’s just a matter of time – there’s a perfect storm brewing and the pressure will have to go somewhere,” Svetski told Cointelegraph in a May 21 email, adding: “With Bitcoin, supply is fixed, and its utility as an un-inflatable and incorruptible money is only increasing – the only thing left to move is price. A longer time horizon could mean accumulation potential With…