5 Crazy Bitcoin Stories You May Not Know
In and of itself, Bitcoin is a remarkable phenomenon since it was invented 13 years ago. It demonstrated that a digital currency without the need for banks or governments is possible. Furthermore, the blockchain technology that underpins Bitcoin has the potential to alter a wide range of industries, from finance to entertainment.
Are you interested in learning more about the world’s first cryptocurrency? Here are a few crazy Bitcoin stories you may not know. Let’s find out with Tokenize!
1. Forgotten Bitcoins are Worth Hundreds of Thousands
It’s sometimes a wonderful thing to “forget” about Bitcoins (as long as they’re kept safe in your wallet!). These crazy Bitcoin stories below would tell you why.
In 2009, a Norwegian man named Kristoffer Koch bought 5,000 BTC on the spur of the moment for $27. Five years later, in October 2013, the price rallied to about $204 per BTC, and he was able to purchase an apartment in Oslo’s affluent district by selling 1,000 BTC. Kristofer Koch is struggling to keep his excitement in check.
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2. Miami Mayor to take his all salary in Bitcoin
Francis Suarez, the current mayor of Miami and a well-known Bitcoin (BTC) supporter made headlines across the cryptosphere after announcing that his next paycheck would be in the world’s largest cryptocurrency by market capitalization.
After retweeting a message from Anthony Pompliano, another well-known crypto enthusiast and influencer, who asked an open question, he made the news via his own Twitter profile. ‘Who is going to be the first American politician to accept their salary in bitcoin?’
New York City Mayor-elect Eric Adams said shortly after Suarez’s tweet that when he takes office in January, he will receive his first three paychecks in Bitcoin, with the goal of making the city a cryptocurrency hub.
3. Brock Pierce to take out the first Bitcoin-based mortgage
Brock Pierce, a businessman, and former child actor best known for his role in The Mighty Ducks, is reported to be the first individual to obtain a wholly crypto-based mortgage. The crypto enthusiast invested over 3 million BTC in the purchase of a refurbished church in Amsterdam, Netherlands.
Recently, United Wholesale Mortgage in the United States stated that it will take Bitcoin and other cryptocurrencies as mortgage payments. It intends to make its cryptocurrency payment option available by the end of the year.
4. 100 days to live on nothing but Bitcoin
In July 2013, Austin Craig and Beccy Bingham, a newly-married couple in Provo, Utah, promised to use Bitcoin exclusively for the first 100 days of their marriage. They recorded everything for a documentary and kept their followers up to date on their blog.
Nearly two years after production began, the official trailer for the documentary Life on Bitcoin was released.
For their exploits in 2013, the Craigs became a media sensation, gaining headlines and finally crowdfunding $70,000 on Kickstarter to promote the film.
5. The 10,000-BTC pizza
And this crazy Bitcoin story would bring to you a mixed feeling of fun and pity.
Money is only money if it can be used to buy something valuable. So Bitcoin was still very much a “theory” in the early days, and the coins were only worth a fraction of a cent.
On May 22, 2010, Laszlo Hanyecz spent 10,000 BTC for two Papa John’s pizzas, which were valued at roughly $41 at the time. This was the first commercial Bitcoin transaction, and each year, Bitcoin Pizza Day is held to honor it. That 10,000 BTC would be worth over $500 million at today’s pricing, which is perhaps why the story has become part of Bitcoin mythology.
And, to honor Bitcoin Pizza Day, Tokenize Xchange, in collaboration with Little Caesars Pizza, wants to reward you with free pizzas!
From 21st — 22nd May 2022, flash your Account page on the Tokenize Xchange Mobile App in order to collect 01 free Single Serve Pizza (Cheese or Pepperoni) from Little Caesars Pizza.
>>Click HERE for more details
What do you think of these crazy Bitcoin stories? Don’t hesitate to let us know!
Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.