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Man speaks out after spending $800,000,000 worth of Bitcoin on just two Papa Johns pizzas

Home> News> Money

Published 10:40 27 Sep 2024 GMT+1

Man speaks out after spending $800,000,000 worth of Bitcoin on just two Papa Johns pizzas

Laszo Hanyecz bought two pizzas for 10,000 Bitcoin in 2010 and reflected on the deal in a 2019 interview

Poppy Bilderbeck

Poppy Bilderbeck

Featured Image Credit: CBS/Peter Cade/Getty Images

Topics: Bitcoin, Food and Drink, Money, US News, Cryptocurrency, Technology

Poppy Bilderbeck
Poppy Bilderbeck

Poppy Bilderbeck is a Senior Journalist at LADbible Group. She graduated from The University of Manchester in 2021 with a First in English Literature and Drama, where alongside her studies she was Editor-in-Chief of The Tab Manchester. Poppy is most comfortable when chatting about all things mental health, is proving a drama degree is far from useless by watching and reviewing as many TV shows and films as possible and is such a crisp fanatic the office has been forced to release them in batches.

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A man spent around 100,000 Bitcoin on some pizzas - but little did he know just how much those Bitcoin would end up being worth.

When you're hungry, you're hungry, and sometimes nothing can curb that hunger like a pizza or two.

So when he fancied some cheese and tomatoey goodness in 2010, Laszo Hanyecz decided to use Bitcoin to get his hands on two pizzas.

On 18 May, 2010, Hanyecz took to Bitcoin Forum, offering 10,000 bitcoins in exchange for a 'couple of pizzas'.

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His post states: "Like maybe two large ones so I have some left over for the next day. I like having left over pizza to nibble on later.

"You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!"

Hanyecz went on to detail he likes things such as 'onions, peppers, sausage, mushrooms, tomatoes [and] pepperoni' on his pizza, noting any 'standard stuff' would do, as long as there's no 'weird fish topping or anything like that'.

Little did Hanyecz know that 10,000 bitcoins would eventually go on to be worth a whole lot more than two pizzas - namely, a staggering $80 million in 2019.

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But what did Hanyecz make of it?

He used 10,000 Bitcoin to buy two pizzas (60 Minutes/ CBS)
He used 10,000 Bitcoin to buy two pizzas (60 Minutes/ CBS)

In a clip shared by 60 Minutes - which was Hanyecz's first TV interview - reporter Anderson Cooper says the bitcoin would now be worth '$800 million'.

He questioned Hanyecz: "You spent about $800 million on pizza?

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And the 'Bitcoin pizza guy' responded: "Well, if you look at today's exchange rate."

Cooper continued: "Are there nights you wake up where you think, 'I could have had $800 million… if I hadn't bought those pizzas?'"

Hanyecz resolved: "I think thinking like that is… Not really good for me."

As one Twitter user added: "That's putting it lightly."

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Well, Hanyecz would probably be happy to know at the time of writing, the bitcoins' value has since decreased, worth $636,113,721.89, according to Revolut.

But that doesn't really make it much less painful now, does it?

  • Man bought two pizzas 14 years ago with 10,000 Bitcoin that's now worth eye-watering amount
  • Man made most expensive pizza order in history after using $1,000,000,000 worth of Bitcoin to pay for two pizzas
  • Man lost $26,000,000,000 in Bitcoin after exchange erased his trade for bizarre reason
  • Man who threw away Bitcoin fortune says it’s now worth $632,000,000 after decade-long battle to retrieve it

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