Laith Khalaf tells the story of Bitcoin in his latest article for PA. Warning: Do not read if hungry...
Spare a thought for Laszlo Hanyecz now Bitcoin has breached the $100,000 barrier. You may not have heard of him, but in 2010 he spent 10,000 Bitcoins on two pizzas, in one of the first ever ‘real world' crypto transactions. The market value of those Bitcoins is now $980m. Hanyecz is pretty stoic about it, but deep down he must know that no amount of melted cheese can make up for the vast fortune he might have had. Hanyecz, a computer programmer from Florida, reckons he actually spent in total around 100,000 Bitcoins over the course of 2010 on pizza, which would currently have a value ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
