About 13 years later, the leading cryptocurrency is worth $ 26,880 at the time of writing; this means that the total value of those pizzas is now over $268 million.
Every year since 2010, bitcoin (BTC) and crypto investors have been celebrating Bitcoin Pizza Day, remembering one of the most ridiculous purchases ever made using BTC.
Over a decade since the infamous pizza purchase, there have been cases where ridiculous amounts of Bitcoin were used to pay for products at extreme long-term costs.
In 2014, a venture capitalist Chamath Palihapitiya acquired a 1.4-acre piece of land in California for just about $1.6 million. The deal was closed with a 2739 BTC payment when the coin was trading below $600.
In 2021, Chamath noted that he paid about $27.5 million for the land.
In another interesting property purchase case, a mansion in Miami was purchased for about 455 BTC, or $6 million, at the time.
The seller of the house was a known Bitcoin trader called Michael Komaransky. During BTC’s peak price of $68,000 in 2021, the mansion’s value could be capped at over $30 million.
In 2013, a crypto investor Michael Tozoni bought a second-hand car for 1000 BTC, valued at $22,000 at the time.
The BTC is worth about $27 million a few years after the purchase. In fact, in 2021, several investors highlighted the purchase, adding that Michael Tozoni probably never imagined that one bitcoin would surge to $60,000.
In those early days, some crypto users criticized the investor for buying the car at such a high cost, 216 BTC. At the time, the car was worth around $209,900. Today it costs over $5.4 million.
Some have used Bitcoin to pay for travel.
In 2014, the Winklevoss twins allegedly paid about 900 BTC (450 each) for two seats in Richard Branson’s spaceflight. The 900 BTC is now worth over $24 million, (definitely) up from $1 million in 2014.
Finally, in February 2014, the first-ever chartered flight was paid for with 55 BTC. Olivier Janssens, a Bitcoin foundation member, paid for a trip from Brussels to Nice Cot$e D’Azur. That 55 BTC is worth over $1.4 million today.