Techie paid 10,000 Bitcoins for pizza in 2010, now worth ₹8000 crore
1 day ago

Techie paid 10,000 Bitcoins for pizza in 2010, now worth ₹8000 crore

Live Mint  

The price of one Bitcoin is approximately ₹80 lakh today. A few years ago, Laszlo Hanyecz made the first documented purchase of a good with Bitcoin when he bought two Domino's pizzas for 10,000 BTC. The two pizzas would now be worth billions of rupees based on the current value of Bitcoin, While several smaller tokens saw gains over the day, Bitcoin recovered its initial losses after ending its first weekly decrease since Donald Trump's presidential triumph. Bitcoin's first weekly drop since Trump won After falling 2.8% earlier Monday, the biggest digital asset was down 1.2% at roughly $93,962 at 4:39 p.m. in New York. Bitcoin has experienced its first weekly drop since Trump's election, falling 7.5% over the seven days ending Sunday.

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When You Should’ve Bought Bitcoin, and When It Became a Terrible Idea
54 years, 11 months ago

When You Should’ve Bought Bitcoin, and When It Became a Terrible Idea

Slate  

These are tough times for cryptocurrencies. So here’s how a $1,000 Bitcoin investment made on various dates—using listed end-of-day prices, because Bitcoin doesn’t exactly “close” like a stock—would be doing now. Here is a price history chart going back to 2014, and here is another one that covers many of Bitcoin’s early years. If you invested on … May 22, …

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