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<p class="is-style-lead">On May 22, 2010, an early bitcoin enthusiast Laszlo Hanyecz purchased 2 pizzas and paid using just about 10 thousand BTC coins. At the time, bitcoin was trading at the sub-penny value: the total value of the cryptocurrency was about $41. </p>



<p class="is-style-lead">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.&nbsp;</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">13 years ago tomorrow the first  <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> purchase was made. Two pizzas were bought for 10k BTC, which at that time was equivalent to $40. <br><br>Bitcoin pizza day ahead. celebrate with a slice! <a href="https://t.co/owdaA2AtBj" target="_blank">pic.twitter.com/owdaA2AtBj</a></p>&mdash; Pentoshi 🐧 euroPeng 🇪🇺 (@Pentosh1) <a href="https://twitter.com/Pentosh1/status/1660388031889563651?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 21, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Every year since 2010, bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) and crypto investors have been celebrating Bitcoin Pizza Day, remembering one of the most ridiculous purchases ever made using BTC. </p>



<p>Over $260 million for two pizzas? Well, that is indeed the most expensive pizza ever. All Laszlo Hanyecz needed was to hold the BTC for about 11 years, which was over $670 million in late 2021. Today marks thirteen years since the somewhat overprized pizza purchase.&nbsp;</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Every year, we’re reminded of the day, when Laszlo Hanyecz bought 2 pizzas worth 10,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a>!<br><br>In 2010: 10,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> = $41<br>In 2023: 10,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> = $267 million! 🙆‍♀️<br><br>Happy <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> Pizza Day! 🍕✨ <a href="https://t.co/XBKJnLL1Hj" target="_blank">pic.twitter.com/XBKJnLL1Hj</a></p>&mdash; Esther (@EstherJade1) <a href="https://twitter.com/EstherJade1/status/1660607607021662208?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>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.&nbsp;</p>



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<h2 class="wp-block-heading" id="properties-at-ridiculous-long-term-costs">Properties at ridiculous long-term costs</h2>



<p>Believe it or not, the 10,00 bitcoin for two pizzas is not the most expensive purchase with crypto.</p>



<p>In 2013, an individual paid 25,500 BTC to purchase a $2 million condo in The Trump Hotel. The request to pay using BTC was a policy set by the building&#8217;s owner.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">2013 🤔. Buy a Condo in the Trump Hotel With Bitcoins <a href="https://twitter.com/hashtag/btc?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#btc</a> <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Trump</a>  <a href="https://t.co/MZjlzhssW6" target="_blank">https://t.co/MZjlzhssW6</a></p>&mdash; Jack l Unibright.io | (@Sjaaaakster) <a href="https://twitter.com/Sjaaaakster/status/1149940905903886337?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 13, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The buyers of the condo have remained anonymous, with speculations that the Winklevoss brothers were the buyers. Valued at $2 million in 2013, the house is now worth over $600 million. At some point in 2021, when the leading cryptocurrency was trading at over $68,000, the 25,500 BTC was valued at $1.7 billion.&nbsp;</p>



<p>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.&nbsp;</p>



<p>In 2021, Chamath noted that he paid about $27.5 million for the land.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Loss porn: In 2014 I bought an empty lot in Lake Tahoe for $1.6M&#8230;.in Bitcoin. <br><br>Price adjusted for today, I paid $27.5M for it. 😢😂😂😂<a href="https://t.co/bjHX7aVdrH" target="_blank">https://t.co/bjHX7aVdrH</a></p>&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1359248379377762310?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 9, 2021</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>In another interesting property purchase case, a mansion in Miami was purchased for about 455 BTC, or $6 million, at the time.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Bitcoin Trader Sells His 7-Bedroom Miami Mansion For 455 Bitcoin<a href="https://t.co/BxGTVV6dsA" target="_blank">https://t.co/BxGTVV6dsA</a><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BTC</a></p>&mdash; Faws (@faws_com) <a href="https://twitter.com/faws_com/status/960934707302207488?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 6, 2018</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The seller of the house was a known Bitcoin trader called <a href="https://twitter.com/mkomaransky?lang=en" target="_blank" rel="noreferrer noopener">Michael Komaransky</a>. During BTC&#8217;s peak price of $68,000 in 2021, the mansion&#8217;s value could be capped at over $30 million.&nbsp;</p>



<h2 class="wp-block-heading" id="car-purchases-with-btc">Car purchases with BTC</h2>



<p>Bitcoin has been used in purchasing more than just fixed property. Several people (that we know of) have purchased motor vehicles at super expensive costs using BTC. </p>



<p>In 2013, a crypto investor Michael Tozoni bought a second-hand car for 1000 BTC, valued at $22,000 at the time.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="fr" dir="ltr">La Prius a 1000 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BTC</a> 😮<br><br>Vente aux enchères aujourd’hui !<br><br>Je la connaissais pas cette histoire ahah <br><br>Funny <a href="https://twitter.com/hashtag/TOYOTA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#TOYOTA</a> <a href="https://twitter.com/hashtag/prius?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#prius</a> <a href="https://t.co/lpYcx4fejL" target="_blank">pic.twitter.com/lpYcx4fejL</a></p>&mdash; Sebastien *NextCash* (@NextCashFR) <a href="https://twitter.com/NextCashFR/status/1656285093432811522?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 10, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The BTC is worth about $27 million a few years after the purchase. In fact, in 2021, several investors <a href="https://twitter.com/CryptoConseil/status/1377125455522799619" target="_blank" rel="noreferrer noopener">highlighted</a> the purchase, adding that Michael Tozoni probably never imagined that one bitcoin would surge to $60,000.&nbsp;</p>



<p>A sports car, Lamborghini Gallardo, was sold in 2013 for 216 BTC. The car was purchased at a Newport Beach Car dealership, making it the first luxury car dealership to accept BTC payments.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">This [Lamborghini] purchase will be seen as the &#39;pizza transaction&#39; of 2013.<br>&quot;Haha that dude actually spent 216 BTC on a car, what an idiot&quot;</p>&mdash; Shit /r/Bitcoin says (@shit_rbtc_says) <a href="https://twitter.com/shit_rbtc_says/status/414680674436538368?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 22, 2013</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>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.</p>



<h2 class="wp-block-heading" id="payment-for-travel-and-family-time">Payment for travel and family time</h2>



<p>Some have used bitcoin to pay for travel. </p>



<p>In 2014, the Winklevoss twins <a href="https://www.nbcnews.com/storyline/virgin-voyage/winklevoss-twins-book-spaceshiptwo-trip-bitcoin-n45176" target="_blank" rel="noreferrer noopener">allegedly</a> paid about 900 BTC (450 each) for two seats in Richard Branson&#8217;s spaceflight. The 900 BTC is now worth over $24 million, (definitely) up from $1 million in 2014.</p>



<p>Finally, in February 2014, the first-ever chartered flight was paid for with 55 BTC. Olivier Janssens, a Bitcoin foundation member, <a href="https://www.privatefly.com/press-releases/worlds-first-bitcoin-private-jet-customer.html" target="_blank" rel="noopener">paid for a trip</a> from Brussels to Nice Cot$e D&#8217;Azur. That 55 BTC is worth over $1.4 million today.</p>



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Pizza for $260m and other ridiculous purchases with bitcoin

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