Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-12-05 05:29:18| Engadget

Bitcoin has passed the $100,000 threshold for the first time. At approximately 9:39PM ET this evening, the cryptocurrencys value hit six figures, moving it past the milestone for the first time in its nearly 16-year history. That also means the legendary Bitcoin pizza order is now worth $1 billion. For those not in the loop, a Florida man because, of course it was a Florida man paid 10,000 BTC for two Papa Johns pizzas over 14 years ago in whats considered the cryptocurrencys first commercial transaction. Ill pay 10,000 bitcoins for a couple of pizzas like maybe 2 large ones so I have some left over for the next day, Laszlo Hanyecz posted in a crypto forum on May 18, 2010. Four days later, a British man took him up on the offer. That amount was only worth $45 at the time. (And the UK man only paid Papa Johns $25!) But only nine months later, the transactions value had skyrocketed to $10,000. Hanyecz told The New York Times in 2013 that he had no regrets about the then-$6 million pizza order. It wasnt like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool, he said. No one knew it was going to get so big. I wonder if Florida Man has any regrets now that his fee for those two Papa Johns pizzas is worth a billion dollars. Looking at it another way, Papa Johns current market cap is $1.567 billion. So, had Hanyecz saved his crypto instead of ordering those two pizzas, he could have bought nearly two-thirds of the company that baked his pie today. Then, theres the story of a writer who, in 2017, helped a friend recover (at the time) $200,000 worth of Bitcoin from a broken laptop. Those 40 Bitcoins stuck in a MultiBit wallet for three-and-a-half years are worth more than $4 million today (so long as the cryptocurrency stays above the $100,000 mark).This article originally appeared on Engadget at https://www.engadget.com/computing/bitcoin-breaks-the-100000-barrier-for-the-first-time-042918312.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

01.07Eight Less Traditional Ways People Are Using AI at Work
01.07The 25 Most Valuable Global Brands in 2025 [Infographic]
01.07Breaking Through to Reach Buyers: How Education-Led Marketing Is Redefining B2B Marketing
01.07Formalwear for a hotter world? Coors Light introduces Cold Tux and BrrrTie
30.06Shopping agent Daydream wants fashion retail to feel like magic, not a search bar
27.06AI Update, June 27, 2025: AI News and Views From the Past Week
27.06Compact UV printer smashes records as creators embrace DIY manufacturing
26.06Five Strategies of Business With Standout Productivity Growth [Infographic]
Marketing and Advertising »

All news

02.07Bank of England to redesign banknotes - and wants your help
02.07Bank of England to redesign banknotes - and wants your help
02.07Why showing your work is the new mark of great design
01.07Why biology is our most powerful technology
01.07Collapsed Waukegan Metra station wall being repaired; The trains were slowed for safety
01.07Alleged co-conspirator linked to Loretto Hospital scandal pleads not guilty
01.07How to tell if the article youre reading was written by AI
01.07Government wins welfare bill vote after big concessions to rebels
More »
Privacy policy . Copyright . Contact form .