Man Who Spent the Equivalent of $800 Million

For quite some time, cryptocurrencies were considered the future of finance and investing. Yet early into its improvement, many buyers had been ignorant of how the cost of those cyber coins could mature. One of these investors changed into Laszlo Hanyecz, otherwise referred to as, “The bitcoin pizza guy.”

In 2010, Hanyecz sold Papa John’s pizzas for 10,000 BTC. At the time, one Bitcoin wasn’t even worth a penny. But that changed into then. Today, one Bitcoin is worth approximately $8000, and considering the fact that Hanyecz estimates that he spent about 100,000 BTC on pizza over time, properly, it is no marvel he went down in infamy.

On Sunday, Hanyecz seemed on 60 Minutes, wherein Anderson Cooper quizzed him approximately what is taken into consideration the first actual-global transaction involving Bitcoin.

“That’s $800 million. You spent about $800 million on pizza?” Cooper requested.

“Well, if you examine modern day change fee,” Hanyecz answered, alluding to Bitcoin’s low price at the time.

When requested if the “what ifs” of the situation keep him up at night, Hanyecz stated that he tries not to reside at the situation in hopes to shield his peace of thoughts.

“I suppose wondering like that, it’s now not excellent for me,” he stated.

This is not the first time that Hanyecz stated he had come to terms together with his movements. “I don’t remorse it. I suppose that it’s terrific that I was given to be part of the early records of Bitcoin in that way, and people realize about the pizza and it’s an exciting story due to the fact all of us can type of relate to that and be [like] – ‘Oh my God, you spent all of that money,” he advised Coin Telegraph recently. “I additionally typed of giving humans tech aid on the boards and I ported Bitcoin to MacOS, and you know, a few different things – repair insects and whatnot, and I’ve usually the sort of simply desired humans to use Bitcoin and shopping for the pizza becomes one manner to try this. I didn’t suppose it’d get as popular because it has, but it’s gotten to be a definitely catchy story for people.”

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