Programmer Laszlo Hanyecz has change into well-known in crypto circles after making headlines for buying and selling 10,000 bitcoin for 2 Papa John’s pizzas on Might 22, 2010. The day is now generally known as “Bitcoin Pizza Day” and is essentially the most celebrated day within the crypto world, as Insider previously reported.
The cryptocurrency, which boasts a market capitalization of greater than $1.1 trillion, has been buoyed by investor optimism.
President Joe Biden signed a $1.9 trillion pandemic-relief invoice into legislation on Friday, which is able to result in $1,400 stimulus checks being distributed to tens of millions of People, fueling hopes that the market growth will proceed.
In actual fact, an ever-increasing number of firms are testing the crypto-waters, as Insider has reported. Bitcoin fanatics argue that “this time is completely different” for the world’s largest cryptocurrency as a result of big-name firms are supporting the price and lending legitimacy to the venture.
Not everyone seems to be received over by bitcoin although. Famed investor Warren Buffett has repeatedly criticized it and different cryptocurrencies as “risky” and “worthless.”
As for Hanyecz, he apparently has had no regrets within the years since he bought the pizzas, regardless of the cryptocurrency’s frequent worth hikes. Final 12 months, Coindesk quoted him as saying that “bitcoin is a method to harness greed.”