Benzinga - In the early days of cryptocurrency, a Florida-based programmer named Laszlo Hanyecz set out to purchase two large pizzas using Bitcoin.
What Happened: On May 18, 2010, Hanyecz made an announcement on Bitcointalk.org, offering 10,000 Bitcoin (CRYPTO: BTC) to anyone who would be willing to accept the apex crypto for a pizza.
Hanyecz had trouble finding anyone who would accept his offer. Days passed, and he began to lose hope. However, on May 22, a 19-year-old named Jeremy Sturdivant stepped up and took Hanyecz up on his offer.
Sturdivant delivered the two pizzas to Hanyecz in Florida, marking the first-ever recorded real-world transaction using cryptocurrency. The value of those 10,000 Bitcoins at the time was just $41, but today, the value has exploded.
See More:The Art Of The Future: Lisa Ray’s TheUpsideSpace Bring NFTs To Center Stage
Why It Matters: Had Hanyecz held onto the Bitcoin he used to purchase those pizzas, it would be worth more than $267.91 million today, which means a profit of 638,017,519.05%.
Price Action: At the time of writing, BTC was trading at $26,762.98, down 1.26% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Drop After Powell’s Dovish Comments: Trader Predicts King Crypto Soaring To $300,000
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.