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

04.02Google now thinks it's OK to use AI for weapons and surveillance
04.02Reddit temporarily bans r/WhitePeopleTwitter after Elon Musk claimed it had broken the law
04.02Government workers sue over potentially illegal DOGE server
04.02Cruise lays off half its staff after GM sunsets robotaxi program
04.02Netflix scuttles plans to add six previously announced games to its service
04.02Ataris Breakout is getting a side-scrolling reboot
04.02Februarys Game Pass additions include Avowed and Madden NFL 25
04.02Apple Invites is a new iPhone app to manage your social life
Marketing and Advertising »

All news

05.02Torrent Power shares zoom 7% after 33% YoY jump in Q3 PAT
05.02LinkedIns big bet on TikTok-style video is paying off in a big way
05.02US Postal Service stops accepting parcels from China and Hong Kong
05.02Stocks to buy today: Nykaa, GAIL among top 9 trading ideas for February 5, 2025
05.02RVNL shares rally 4% after Rs 404-crore East Coast Railway project win
05.02Ajax Engineering IPO to hit Street on February 10, price band fixed at Rs 599-629. Check details
05.02Titan shares tumble over 2% after Q3 PAT falls marginally. What should investors do?
05.02Wednesday Watch
More »
Privacy policy . Copyright . Contact form .