uniladtech homepage
  • News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
Man who spent 10,000 Bitcoin on two pizzas in 2010 could've been eye-wateringly well off today
Home>News>Tech News
Published 09:45 6 Dec 2024 GMT

Man who spent 10,000 Bitcoin on two pizzas in 2010 could've been eye-wateringly well off today

Even the biggest pizza lovers would regret this purchase

Harry Boulton

Harry Boulton

google discoverFollow us on Google Discover
Featured Image Credit: CBS/60 Minutes
Cryptocurrency
Bitcoin
Money

Advert

Advert

Advert

If you've ever regretting spending money then you've got nothing on this one man, who in 2010 spent 10,000 Bitcoin on two pizzas and would have been extremely wealthy today if he'd held on to the money.

Bitcoin regret is a thing more than ever nowadays, as the cryptocurrency has reached staggering highs of over $100,000 following Donald Trump's US election victory in early November.

There have been horror stories about people losing hard drives containing Bitcoin that would now be worth close over $500 million, but also successful individuals who have held on their investments to become the first Bitcoin billionaires.

Few are quite as heartbreaking as the tale of Laszlo Hanyecz though, who used what was an insignificant amount of the crypto coin at the time to pay for just two pizzas, but that fortune would make him unbelievably rich if sold right now.

Advert

Hanyecz could be a multi-billionaire if he'd held onto his Bitcoin (CBS/60 Minutes)
Hanyecz could be a multi-billionaire if he'd held onto his Bitcoin (CBS/60 Minutes)

We've all seen those experiments where children can either have a cookie now or wait a while to get two, but what would you do if the solo cookie was a lovely cheese pizza, and the reward for waiting 14 years was $1,016,317,300?

Unfortunately Hanyecz chose the first option, and while we're sure the pizza tasted great at the time, he's probably regretting his decision massively right now.

It was on May 18, 2010 that he took to Bitcoin Forum to offer 10,000 Bitcoin in exchange 'a couple of pizzas' when the value of the combined coins was around $25 at the time.

The staggering thing is that it still took a couple of days for anyone to fulfil his offer, as Hanyecz eventually got his Papa John's pair. While this offer remained open for a while, he eventually closed it on August 4 of the same year as he couldn't afford to keep generating Bitcoin - if only he had a bit of foresight.

As mentioned, the Bitcoin he used to trade for the two pizzas would be worth an unbeliveable $1,016,317,300 today at the current price of $101,631.73 101,631.73 per coin.

What's far worse though is that it wasn't just one pair of pizzas that Hanyecz traded for, as he has admitted that he parted with 100,000 Bitcoin before eventually shutting up shop. Hopefully the pizzas tasted as good as $10 billion would feel right now.

At least Lazslo can still enjoy his pizza (CBS/60 Minutes)
At least Lazslo can still enjoy his pizza (CBS/60 Minutes)

Thankfully Hanyecz isn't too rueful about his decision-making 14 years ago, as he told the New York Times that "no one knew [Bitcoin] was going to get so big."

He sold the rest of his stock when the price was around $1 per coin, but he sees himself as the winner in that scenario: "That was enough to get me a new computer and a couple of new video cards, so I'd say I ended up on top."

We're not sure that's really the same thing as a billion dollar fortune though.

  • Student who forgot he invested $27 in Bitcoin in 2009 could've been worth jaw dropping fortune today
  • People discover 2010 website that gave away $450,000 worth of Bitcoin 'for free'
  • Ex-Binance CEO who bought 1,500 Bitcoin in 2014 despite mom calling him 'stupid' now worth insane fortune
  • Early Bitcoin millionaire missed out on insane $99,000,000 fortune after one simple mistake

Choose your content:

an hour ago
2 hours ago
20 hours ago
22 hours ago
  • Sebastian Frej / Contributor via Getty
    an hour ago

    FIFA officially opens investigation after IShowSpeed reportedly racially abused at Argentina match

    The controversial creator's livestream caught the problematic incident

    News
  • Cheng Xin / Contributor / Getty
    2 hours ago

    Stop overpaying on Amazon with new hidden feature that reveals past prices

    A good price could be made even better with some patience

    News
  • Anna Moneymaker / Staff via Getty
    20 hours ago

    How to opt out from letting Google use your searches to train its AI

    Google is storing more of your data than you might think

    News
  • EvgeniyShkolenko via Getty
    22 hours ago

    The 'cloud loophole' US border agents aren't allowed to cross when checking your phone

    Border agents can't legally check everything on your phone with this one loophole

    News