Monday marks the seven-year anniversary of Bitcoin Pizza Day – the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John’s pizzas.
That was then, this is now. What’s $100 of Bitcoin from seven years ago worth today?
More important than the episode being widely recognized as the first transaction using the cryptocurrency is what it tells us about the bitcoin rally that saw it break through the $2,100 mark on Monday… While being worth $30 at the time, Hanyecz pizzas would now cost $21.8 million at current bitcoin prices. If you bought $100 of bitcoin at the 0.003 cent price on May 22, 2010, you’d now be sitting on around $72.9 million