A man who sold two pizzas for Bitcoin now worth more than £260 million has conceded he blew his eye-watering earnings.
Jeremy Sturdivant was only 19 when he struck a deal that might have made him a multi-millionaire today.
Instead, uninformed of how large Bitcoin would become, he spent the crypto money to cover costs on a business trip. And the day has gone down in crypto currency history.
Bitcoin Pizza Day, as it has come to be known, was celebrated on May 22 marking the 11th anniversary date this year.
On 22 May 2010, in the first recorded purchase of physical goods with Bitcoin, Sturdivant replied a message on the Bitcointalk chat forum in 2010 from hungry Bitcoin pioneer Laszlo Hanyecz.
It read: “I’ll pay 10,000 Bitcoins for few pizzas… like maybe 2 large ones so I have some left over for the following day. I like having left over pizza to snack on later.”
“You can make the pizza yourself and carry it to my home or request it for me from a delivery place, yet the thing I’m focusing on is getting food delivered in exchange for bitcoins where I don’t need to arrange or set it up myself.”
The message proceeds: “I like things like onions, peppers, hotdog, mushrooms, tomatoes, pepperoni, and so on standard stuff no weird fish topping or anything like that.”
Hanyecz said: “In case you’re interested kindly let me know and we can work out a deal.”
Sturdivant, from California, US, stepped up to the plate, ordering two large supreme pizzas as a trade-off for 10,000 Bitcoin.
That some was worthy just about £30 at that point, as The Sun reports. Today those coins would be worth around £260,141,904.
The cryptocash vanished when Sturdivant used it to “cover costs” while venturing to every part of the US with his girlfriend.
He has said he “certainly” regrets about it today – yet contends he was just “facilitating a purchase” at that point.
Sturdivant said in 2018: “At the time of the popular pizza I couldn’t have ever felt that a similar number of bitcoin would have a purchasing power on the order of real estate, or that major companies would accept bitcoin automatically for daily transcactions”.
He said: “That is important to me more than being worth a particular number of GBP, EUR, or USD.”
For his part, Hanyecz said he felt like he was “winning the web that day”.
He has said: “I don’t regret it. I believe that it’s great that I had the chance to be a part of the early history of Bitcoin in that way.”
Hit the subscribe button for new updates. Thank You!