Someone in 2010 Bought 2 Pizzas with 10,000 Bitcoins, Which Today would be Worth $100 Million Dollars
On May 22, 2010, a developer bought two pizzas using 10,000 units of a then-little-known digital currency called bitcoin.
Today, the price of a single bitcoin has hit $10,000 — making 10,000 of them worth a staggering $100 million (£75 million).
Bitcoin is going nuclear. Just a year ago, it was trading at less than $750, after deflating from what was then seen as the giddy highs of about $1,100 (£847) in late 2013. It has since embarked on an epic bull run.
It's unbelievable, that after this many years, Bitcoin prices continue to rise. Personally, a year ago, when one Bitcoin was worth about $600, I figured it had reached it ceiling and was doomed to collapse. Boy was I wrong.
Just one year later, the value of a single Bitcoin is worth a staggering $21,000 USD, that's a staggering increase. If I had bought $1000 worth of Bitcoin just a little over a year ago, it would have been worth about $40,000 today.
And the price of Bitcoin shows no sign of slowing down. One expert speculates that by 2020, the price of a single Bitcoin will be worth 1 MILLION dollars.
I have been a slow adopter of the Bitcoin phenomena (to my great regret) but I am finally coming around. Bitcoin is real. It's here, and it's poised to take over the currency system as we know it.
Let's face it. The banks have been manufacturing money out of thin air for so long, that only around 10% of all of the money in circulation, actually even physically exists. Your money, is just numbers on a screen made up of debt and loans, and a structure without a foundation, is doomed to collapse.
This might in part explain the mass appeal of the Bitcoin. It the next few years, it may start to replace our failing currency and it's value it's looking like it will continue to skyrocket. Personally, I am done dragging my heals. I've signed up with Coinbase, one of the leading Bitcoin exchange services, and I'm buying Bitcoin.
If you want to get in on the action, now's the time, and you can even: get $10 of Bitcoin for free when signing up with Coinbase.
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