Bitcoin News Today: Bitcoin Surges 100% Since German Sale, 10,000 BTC Pizza Worth $1.23 Billion

Bitcoin’s recent surge to a new all-time high of $123,091 has significantly increased the value of Laszlo Hanyecz’s 10,000 BTC pizza purchase, making it worth approximately $1.23 billion. This historic transaction, which occurred on May 22, 2010, involved buying two Papa John’s pizzas for around $41 worth of Bitcoin. Today, this amount of Bitcoin could purchase multiple private islands, entire luxury resort chains, or even Leonardo da Vinci’s “Salvator Mundi” twice over.

The same 10,000 BTC could also be used to acquire over 100 meters long superyachts, fleets of hypercars, or fund world-scale philanthropic initiatives. The value of Bitcoin has grown exponentially since its early days, transforming what was once a modest transaction into one of the most expensive meals in history. In November 2013, the same 10,000 BTC would have been worth $11 million, sufficient for a Hamptons mansion, fine art collection, or multiple luxury supercars. By the 2017 peak of $19,700 per Bitcoin, the pizza holdings were valued at $197 million, which could purchase private jets, Monaco villas, custom superyachts, or small Caribbean islands. The November 2021 all-time high of $68,789 pushed the value to $687.89 million.

At current prices, the 10,000 BTC could acquire Leonardo da Vinci’s “Salvator Mundi,” previously sold for $450 million, and still retain hundreds of millions for additional masterpieces. The fortune could purchase over 20 “Graff Diamonds Hallucination” watches valued at $55 million each, or nearly 50 Patek Philippe Supercomplication timepieces worth $24 million. Alternative investments include approximately 9,500 kilograms of gold bullion, valued at current prices of around $3,332 per ounce, representing over 334,000 ounces of precious metal. The holdings could also fund the purchase and development of large South Pacific or Caribbean islands with extensive infrastructure projects.

At projected targets of $150,000 per Bitcoin, the pizza holdings would reach $1.5 billion, which could buy Manhattan skyscraper floors, multiple high-profile private islands, centuries-old European castles, or entire commercial aviation fleets. Bitcoin’s current rally maintains historical patterns, where multiple 30-40% corrections occur during bull markets; yet, the largest correction in this cycle has been only 23.48%. Previous major corrections include the 2017-2018 crash, which declined from $20,000 to $3,200, representing an 84% decrease. The 2021-2022 drop from $69,000 to $15,600 marked a 77% correction, while the 2013-2015 bear market saw Bitcoin fall 87% from $1,100 to $152 following the Mt. Gox collapse. Recent cycles have shown corrections becoming less severe, often staying within 20-25% ranges during bull markets.

Bitcoin ETF IBIT reached a record $76 billion in assets under management in under 350 days, compared to the gold ETF GLD, which took over 15 years to achieve the same milestone. In fact, the S&P 500 in Bitcoin terms has declined 15% year-to-date and 99.98% since 2012. Laszlo Hanyecz, aka Bitcoin Pizza Guy, is probably not the only one regretting today. Even worse, Germany sold 54,000 BTC at $57,900 last year, missing $3.51 billion in potential profits as Bitcoin surged over 100% since their average sale price. The German government netted $3.13 billion but would have generated $6.64 billion at current prices.