Dubbed "Bitcoin Pizza Day," May 22nd is the annual celebration of one of the worst financial decisions imaginable.
In 2010, Laszlo Hanyecz, a software programmer from Jacksonville, Florida, wanted to test Bitcoin's usability.
Someone in the U.K. took him up on the offer and agreed to order Hanyecz two pizzas from his local Papa Johns.
Although the pizzas only cost $25, Hanyecz paid about $40 worth of Bitcoin to for the experience.
Bitcoin did get big, and Hanyecz lost a fortune in the gambit.
Now, Hanyecz's experiment is a cautionary tale for crypto skeptics or those looking to unload their digital currency.
According to today's Tweet, Hanyecz's two Papa John's pizzas cost him more than $83 million.
For his part, Hanyecz is apparently confident in his purchase.
When Bitcoin reached $1, Hanyecz sold his remaining Bitcoin and earned around $4,000.
It's an opportunity to laugh at Laszlo Hanyecz's decision, and it's a reminder that nobody truly knows how to call the top or the bottom of the crypto market.
The Bitcoin Pizza is Worth $83 Million Today
Publicado en May 22, 2018
by Cryptoslate | Publicado en Coinage
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