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Cryptocurrency News Articles
The Bitcoin pizza guy spent $80m on lunch – but he has no regrets
Sep 27, 2024 at 05:40 pm
Laszlo Hanyecz bought two pizzas for 10,000 bitcoins in 2010. Today, those bitcoins would be worth $80m. But Hanyecz says he has no regrets.
A man spent around 100,000 Bitcoin on some pizzas - but little did he know just how much those Bitcoin would end up being worth.
When you're hungry, you're hungry, and sometimes nothing can curb that hunger like a pizza or two.
So when he fancied some cheese and tomatoey goodness in 2010, Laszlo Hanyecz decided to use Bitcoin to get his hands on two pizzas.
On 18 May, 2010, Hanyecz took to Bitcoin Forum, offering 10,000 bitcoins in exchange for a 'couple of pizzas'.
His post states: "Like maybe two large ones so I have some left over for the next day. I like having left over pizza to nibble on later.
"You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!"
Hanyecz went on to detail he likes things such as 'onions, peppers, sausage, mushrooms, tomatoes [and] pepperoni' on his pizza, noting any 'standard stuff' would do, as long as there's no 'weird fish topping or anything like that'.
Little did Hanyecz know that 10,000 bitcoins would eventually go on to be worth a whole lot more than two pizzas - namely, a staggering $80 million in 2019.
But what did Hanyecz make of it?
In a clip shared by 60 Minutes - which was Hanyecz's first TV interview - reporter Anderson Cooper says the bitcoin would now be worth '$800 million'.
He questioned Hanyecz: "You spent about $800 million on pizza?
And the 'Bitcoin pizza guy' responded: "Well, if you look at today's exchange rate."
Cooper continued: "Are there nights you wake up where you think, 'I could have had $800 million… if I hadn't bought those pizzas?'"
Hanyecz resolved: "I think thinking like that is… Not really good for me."
As one Twitter user added: "That's putting it lightly."
Well, Hanyecz would probably be happy to know at the time of writing, the bitcoins' value has since decreased, to around $636,113,721.89, according to Revolut.
But that doesn't really make it much less painful now, does it?
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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