In a few months it will be 24 years since the first purchase paid with cryptocurrencies. On May 18, 2010, the American programmer of Hungarian origin, Laszlo Hanyeczoffered 10,000 bitcoins for two large pizzas, which currently are equivalent to 610 million dollars, due to the new historic rise this Wednesday.
“I’ll pay 10,000 bitcoins for a couple of pizzas. Maybe two thousand dollars, so I have some left over for the next day,” the man wrote on the Bitcointalk forum and added: “What I’m looking for is for them to deliver food in exchange for bitcoins, so I don’t have to order it or prepare it myself, like ordering breakfast in a hotel.
Laszlo Hanyecz’s message in which he offered 10,000 bitcoins for a couple of pizzas.A few days later, Hanyecz announced that he had “successfully” exchanged cryptocurrency for food, after “jercos,” a British forum user whose real name is Jeremy Sturdiva, paid $25 for Papa John’s pizzas. At the moment,10,000 bitcoins were equivalent to 41 dollars.
Over the years, Bitcoin only reached its historical peak in November 2021, when it surpassed $65,000 per bitcoin.
“Over the years I have made numerous purchases exploring the world of Bitcoin software and other similar assets, although I have always considered it more of a hobby,” he said in an interview with Cointelegraph in 2018. “However, I must admit that I rarely I used “Bitcoin for face-to-face transactions; my experience has been mostly in online shopping,” she explained.
This event that changed the global conception of the world of cryptocurrencies established May 22nd as Bitcoin Pizza Day. A historic date, not so much because it was the first commercial use, but because of the value that bitcoin would take on in the following years.
Bitcoin doesn’t stop growing
The world’s most popular cryptocurrency reached its all-time high on Wednesday. After overcoming moments of instability, bitcoin exceeded 61,000 dollarsand continued its unbridled growth after the approval of a new type of cryptocurrency-indexed investment.
In the early afternoon, bitcoin was trading around $60,301, closing the gap with the record of $68,991 reached in November 2021.
The anticipation of the authorization of a new investment product that would follow the price of bitcoin has contributed in recent months to a price recovery.
The amount of the cryptocurrency had collapsed at the end of 2022 after the bankruptcy of several industry giants, such as FTX, the second largest cryptocurrency exchange platform.
Bitcoin is trading at more than $61,000. Photo: REUTERS/Dado Ruvic/IllustrationThis new form of investment, a bitcoin index fund (ETF), theoretically allows a wider audience to invest in these cryptocurrencies without having to own them directly.
It was approved on January 10 by the US market regulator, the Securities and Exchange Commission (SEC).
The start of marketing of this product “generated a new wave of optimism that triggered transaction volumes,” said Mikkel Morch, of the specialized fund ARK36.
According to calculations by asset manager CoinShares published on Monday, investment products linked to listed cryptoassets have attracted around $5.7 billion since the beginning of the year.
Source: Clarin
Linda Price is a tech expert at News Rebeat. With a deep understanding of the latest developments in the world of technology and a passion for innovation, Linda provides insightful and informative coverage of the cutting-edge advancements shaping our world.