One Bitcoin is currently worth about ₹80 lakh. Under the current situation, a person’s asset would be ₹8,000 crore if he had 10,000 Bitcoins. The first known Bitcoin purchase was done a few years ago by Laszlo Hanyecz (Laszlo), who paid 10,000 BTC for two Domino’s pizzas. Eating a single pizza would have given that person a Bitcoin fortune worth billions of dollars now, so he must be overwhelmed with sorrow.
On May 17, 2010, Laszlo, a programmer and early Bitcoin fan, submitted a proposal to use Bitcoin to buy pizza. On May 22, he claimed to have successfully converted 10,000 Bitcoin into two pizzas. Jercos got the money and placed the order. The bitcoins were worth $41 at the time of the offer.
Given the current value of Bitcoin, the two pizzas would now be worth billions of rupees.
Over the course of the day, a number of smaller tokens witnessed gains. But Bitcoin ended its first weekly decline since Donald Trump’s victory and regained its initial losses.
The first weekly decline in Bitcoin since Trump’s victory
At 4:39 p.m. in New York, the largest digital asset was down 1.2% at about $93,962, after dropping 2.8% earlier Monday. It has decreased by over 13% since its last record on December 17.
Over the seven days ended Sunday, Bitcoin saw its first weekly decline since Trump’s win, dropping 7.5%. As the Fed lowered interest rates for the third time on Wednesday and suggested a slower rate of monetary easing in the next year to manage inflation, global stocks fell precipitously. According to Bloomberg, the hawkish change also curbed the speculative energy that the bitcoin market had been releasing because to Trump’s backing for a national Bitcoin reserve and his pledge of benign regulations.
