Is Bitcoin really the new Gold?

Social Commentary

Is Bitcoin really the new Gold?

Illustration: Shruti Yatam


ondays can be stressful, and there’s a good chance you are having a bad day. But thank your stars, at least you’re not Laszlo Hanyec.

On 22nd May, 2010, Laszlo Hanyec bought a couple of large pizzas and paid for them using 10,000 Bitcoins. At the time, 10,000 Bitcoins were worth about $40. For him, it was just a fun transaction with a new medium of currency that he didn’t think to be of much value.