A student who delivers two pizzas and gets paid in Bitcoin is worth about $ 365 million today if he doesn’t spend it all on a road trip. In May 2010, California student Jeremy Sturdivant, who was 19 at the time, noticed a strange request on a cryptocurrency internet forum saying that he would receive 10,000 bitcoins, at the time it was reported it was only worth $ 41, in exchange for sending two large pizza to Florida resident Laszlo Hanyecz, 28.
“I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc. just standard stuff no weird fish topping or anything like that,” Hanyecz wrote.
But Sturdivant is not saving bitcoin for the future; instead, he spent it all on a road trip with his girlfriend.
“I had no idea how huge it would become. If I had treated it as an investment, I might have held on a bit longer, but I would never have thought that the same number of Bitcoin would have a purchasing power on the order of real estate. ”
Today, the 10,000 bitcoins that were said to be low in 2010 have reached a value of $365 million!
Like Sturdivant, Hanyecz has said in interviews that he has no regrets about his desired purchase.
“I wanted to do the pizza thing because to me it was free pizza. I got pizza for contributing to an open-source project. Usually, hobbies are a time sink and a money sink, but in this case, my hobby bought me dinner,” he said.
“I think that it’s great that I got to be part of the early history of Bitcoin in that way. I’d like to think that what I did helped develop Bitcoin, but I think if it wasn’t me, somebody else would have come along,” he added.
The transaction is now celebrated annually on Bitcoin Pizza Day. The value of one Bitcoin has increased from being worth less than a dollar when it was made to around $38,225 today.
Sources: Daily Star, NY Post