Bitcoin breaks the $100,000 barrier for the first time
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Bitcoin has passed the $100,000 threshold for the first time. At approximately 9:39PM ET this evening, the cryptocurrencys value hit six figures, moving it past the milestone for the first time in its nearly 16-year history.That also means the legendary Bitcoin pizza order is now worth $1 billion. For those not in the loop, a Florida man because, of course it was a Florida man paid 10,000 BTC for two Papa Johns pizzas over 14 years ago in whats considered the cryptocurrencys first commercial transaction.Ill pay 10,000 bitcoins for a couple of pizzas like maybe 2 large ones so I have some left over for the next day, Laszlo Hanyecz posted in a crypto forum on May 18, 2010. Four days later, a British man took him up on the offer. That amount was only worth $45 at the time. (And the UK man only paid Papa Johns $25!) But only nine months later, the transactions value had skyrocketed to $10,000.Hanyecz told The New York Times in 2013 that he had no regrets about the then-$6 million pizza order. It wasnt like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool, he said. No one knew it was going to get so big.I wonder if Florida Man has any regrets now that his fee for those two Papa Johns pizzas is worth a billion dollars.Looking at it another way, Papa Johns current market cap is $1.567 billion. So, had Hanyecz saved his crypto instead of ordering those two pizzas, he could have bought nearly two-thirds of the company that baked his pie today.Then, theres the story of a writer who, in 2017, helped a friend recover (at the time) $200,000 worth of Bitcoin from a broken laptop. Those 40 Bitcoins stuck in a MultiBit wallet for three-and-a-half years are worth more than $4 million today (so long as the cryptocurrency stays above the $100,000 mark).This article originally appeared on Engadget at https://www.engadget.com/computing/bitcoin-breaks-the-100000-barrier-for-the-first-time-042918312.html?src=rss
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